Category: Bitcoin
The analysis published under this category are as follows.
Wednesday, September 06, 2017
The Bitcoin Blueprint To Your Financial Freedom / Currencies / Bitcoin
By: Submissions
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Saturday, September 02, 2017
Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength / Currencies / Bitcoin
By: Jeff_Berwick
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!
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Tuesday, August 29, 2017
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market / Currencies / Bitcoin
By: Jeff_Berwick
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.
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Wednesday, August 23, 2017
Bitcoin Price Stalls / Currencies / Bitcoin
By: Mike_McAra
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
By: Antonius_Aquinas
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.
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Monday, August 21, 2017
Bitcoin & Bitcoin Cash Smash Through $5,000! / Currencies / Bitcoin
By: Jeff_Berwick
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.
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Saturday, August 19, 2017
Bitcoin Cash Skyrockets… Is There Something To It? / Currencies / Bitcoin
By: Jeff_Berwick
Friday was mostly a down day for the cryptocurrencies with one big exception.
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Thursday, August 17, 2017
Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap / Currencies / Bitcoin
By: Jeff_Berwick
One year ago today, bitcoin was trading at $570 USD.
Saturday, August 12, 2017
Bitcoin Pushing Higher / Currencies / Bitcoin
By: Mike_McAra
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.
Monday, August 07, 2017
BOOM! Bitcoin Rockets To New All-Time High As Cryptocurrencies Surge Higher! / Currencies / Bitcoin
By: Jeff_Berwick
All eyes were on bitcoin on August 1st, as it underwent the biggest change it had undergone since its inception in 2009.
After years of debate, the issue of scalability resulted in a fracturing of bitcoin onto two separate paths, now called Bitcoin and Bitcoin Cash.
The usual cast of characters came out to warn that this was the death of bitcoin. And, as it always seems to do, bitcoin pushed on unscathed.
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Sunday, August 06, 2017
BitCoin (GBTC) Cycle Update : Beware the Gap / Currencies / Bitcoin
By: SurfCity
BitCoin trades 24/7 and is surging this weekend into an ATH as shown on my first chart. GBTC made a new Trading Cycle high on day 14 Friday and may well gap up on Monday morning on day 15 if BitCoin is able to sustain its trend into next week. Note that my GBTC trade was up $1,718 at the close on Friday. Sure wish I had bought more but I do feel good at my entry point after closer analysis spotted the recent low as a 5-6 month Intermediate Cycle Low (ICL).
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Wednesday, August 02, 2017
Bitcoin Hits New Combined All-Time High Above $3,000 After Bitcoin Fork / Currencies / Bitcoin
By: Jeff_Berwick
Many people considered today to be the most important day for bitcoin since its creation in 2009.
It was the first serious fork of the bitcoin chain into two different coins. Many people, including ourselves, were preparing for major volatility. And some people, like Mike Adams, said it was the death of bitcoin.
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Wednesday, August 02, 2017
Bitcoin in Trading Range / Currencies / Bitcoin
By: Mike_McAra
The BTC-e debacle continues with the U.S. government seizing the exchange’s website. Now, BTC-e has its data center seized by the FBI. On CoinDesk, we read:
(…) in a statement on the Bitcoin Talk forum (that was tweeted out via its official account), representatives for the exchange issued new comments, including a pledge to return users' funds.
Saturday, July 29, 2017
Bitcoin Price Soars As Everyone Wants a Bitcoin Cash Lottery Ticket on August 1st / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has been soaring in recent days and it is likely due to the fact that there will be a bitcoin hard fork on August 1st.
Many speculated that a fork would cause the price of bitcoin to drop. But that is far from the case. And it makes sense that the price is actually increasing on this news because if you hold bitcoin properly (more on that soon) you will end up with both Bitcoin (BTC) and Bitcoin Cash (BCC)... and we know from experience with the Ethereum fork into Ethereum and Ethereum Classic, that the two combined can be worth much more than just the one.
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Wednesday, July 26, 2017
Bitcoin Price Close to All-time High / Currencies / Bitcoin
By: Mike_McAra
The recent surge in Bitcoin is associated with the technical details of the currency and an agreement which avoids a fork for the time being. In an article on Business Insider, we read:
Bitcoin has recovered somewhat from the drop in value seen last Sunday, with the price of the cryptocurrency reaching $2,701 at the time of this writing.
The stabilization seems to be the result of Bitcoin miners reaching an agreement on the enactment of the Bitcoin Improvement Proposal.
This agreement means the avoidance of a user-activated softfork (UASF), the possibility of which caused significant unease among investors.
Thursday, July 20, 2017
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term / Currencies / Bitcoin
By: GoldCore
– Bitcoin volatility shows not currency or safe haven but speculation
– Volatility still very high in bitcoin and crypto currencies (see charts)
– Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900
– Bitcoin least volatile of cryptos, around 75% annualised volatility
– Gold much more stable at just 10% annualised volatility
– Bitcoin volatility against USD about 5-7 times vol of traditional forex trading
Wednesday, July 19, 2017
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours / Currencies / Bitcoin
By: Jeff_Berwick
So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.”
And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak.
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Monday, July 17, 2017
Bitcoin Price “Deja Vu” Corrective Sequence / Currencies / Bitcoin
By: ElliottWave-Forecast
Since June peak at $3000, Bitcoin lost 35% of it’s value driving the rest of the cryptocurrency market into chaos as 1st August is approaching which is scheduled to trigger activation of Segregated Witness (SegWit) and could lead to a split in Bitcoin’s blockchain. There is no need to explain what’s going to happen in the coming weeks as the internet is already full of articles containing the details about it.
What’s really important is the price structure and how we can interpret it to get an idea about the possible coming path. We believe that the world market is ruled by technical analysis as fundamentals is only used to trigger the move. So as we have an important coming event for Bitcoin, then usually the market will send us a message through the charts which we can read it with different methods.
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Monday, July 17, 2017
Bitcoin Price Facing Key Support At 1737 / Currencies / Bitcoin
By: Franco_Shao
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27 low of 1737.
Monday, July 17, 2017
Bitcoin Crash - Is This The End of Cryptocurrencies? / Currencies / Bitcoin
By: Jeff_Berwick
The selloff in cryptocurrencies continues today with bitcoin now falling below $2,000 to a low of $1,841 after hitting its all time high of $3,108.54 on June 11th, marking a 41% drop in the last five weeks.