Category: Bitcoin
The analysis published under this category are as follows.
Friday, October 27, 2017
Bitcoin Might Test All-time High / Currencies / Bitcoin
By: Mike_McAra
Is Bitcoin in bubble territory? Certainly, the price pattern this year looks like an exponential one, at least locally, but there are also opposing views. In an article on CNBC, we read:
[William] Bernstein is a neurologist who began writing about investing in the 1990s, soon becoming a best-selling author and drawing the admiration of legends such as Vanguard's Jack Bogle for his clear and rational analysis. He is best known for books such as "The Intelligent Asset Allocator" and "The Four Pillars of Investing" that show independent investors how to manage their money for the long term. He is currently retired as a doctor, but co-principal at Efficient Frontier Advisors, a money management firm for the very wealthy.
Friday, October 27, 2017
Apple Legend Steve Wozniak Says Bitcoin Is Better Than The Phony US Dollar / Currencies / Bitcoin
By: Jeff_Berwick
We’ve had a seemingly never-ending parade of crony capitalists, bankers, and politicians calling bitcoin everything from a “fraud” to “Enron” to “junk.”
Yesterday, though, a big name came out on the side of bitcoin. Steve Wozniak, co-founder of Apple.
Notice that while people like JP Morgan’s Jamie Demon and Mastercard CEO, Ajay Banga, have never actually created any real wealth in their lives, Wozniak played a very crucial role in the development of personal computers which has led to the internet… which led to bitcoin… which has created massive amounts of wealth and freedom for the world.
Read full article... Read full article...
Monday, October 23, 2017
Why Bitcoin can pullback from $6100 – $6800? / Currencies / Bitcoin
By: ElliottWave-Forecast
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings subdivided into 5 waves rally then 3 waves pullback followed by another 5 waves.
This type of move can be either labeled as 3 waves Zigzag Structure which can end around equal legs area $6100 – $6800 or it can be part of a 5 waves move which means BTCUSD still needs to extend further toward $8000 as the most powerful 3rd wave move usually reach the 1.618 Fibonacci extension level.
Read full article... Read full article...
Sunday, October 22, 2017
Bitcoin Hits $6,000, $100 Billion Market Cap As Helicopter Ben and Jamie Demon Warn The End Is Near! / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin rose more than 6% today to surpass, for the first time ever, the $6,000 US mark.
More interestingly, bitcoin just surpassed $100 billion in total market capitalization. Or, as Coindesk puts it, $0.1 trillion.
Read full article... Read full article...
Saturday, October 21, 2017
Bitcoin Tests $5,100 / Currencies / Bitcoin
By: Mike_McAra
There’s been some talk of gold becoming an alternative to gold. Goldman Sachs doesn’t seem to agree. In an article on CNBC, we read:
Cryptocurrencies like bitcoin are not the "new gold," Goldman Sachs said in a note, advising investors that precious metals "remain a relevant asset class" in portfolios.
In a note to clients earlier this week, Goldman detailed the benefits of holding gold in a portfolio.
Friday, October 20, 2017
The New World Order Currency Reset, Dollar Collapse and Crypto / Currencies / Bitcoin
By: Jeff_Berwick
We’ve been focusing a lot on the crypto space for the last few months. And, can you blame us?
Bitcoin again sits on the cusp of $6,000 having risen nearly 1,000% in the last year.
Read full article... Read full article...
Thursday, October 19, 2017
Bitcoin Runs In Two Price Channels With Different Time Frame / Currencies / Bitcoin
By: Franco_Shao
The BTCUSD trades within a rising price channel with support at its bottom around 5110 on the 4-hour chart, indicating that the price remains in the uptrend from 2970. As long as the price is in the channel, the fall from 5870 could be treated as consolidation of the uptrend and further rise is still possible after the consolidation. The bitcoin price is expected to test 5870 resistance in the coming days. A breakout of this level could trigger further upside movement towards 6500, followed by 7000.
Read full article... Read full article...
Tuesday, October 17, 2017
Bitcoin: A Tower of Monetary Babel / Currencies / Bitcoin
By: Antonius_Aquinas
The promoters of crypto currencies have gushingly touted them as the mechanism by which the present central banking cabal and the system of nation states which derive much of their power from will be brought down and replaced by digital money. Despite their meteoric rise as speculative “assets,” there are fundamental economic reasons why they will never act as a general medium of exchange despite the wild enthusiasm for them by the crypto-currency cultists.
Monday, October 16, 2017
How Investors Can Play The Bitcoin Boom / Currencies / Bitcoin
By: OilPrice_Com
...
Sunday, October 15, 2017
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin / Currencies / Bitcoin
By: Jeff_Berwick
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
By: Jeff_Berwick
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
By: Jeff_Berwick
Bitcoin has just soared through $5,000 USD for the first time ever topping its old high of $4,950.72 on September 1st.
Friday, October 13, 2017
New Record High on Bitcoin! Where to Next? / Currencies / Bitcoin
By: MarketsToday
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
By: Michael_Pento
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
By: Rodney_Johnson
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
By: Mike_McAra
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
By: Jeff_Berwick
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
By: GoldCore
– 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
By: Mike_McAra
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
By: MarketsToday
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...