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Reddit Co-Founder Believes Bitcoin Investors Should’ve Been Thinking Long-Term

The front page of the internet, also known as Reddit, is a social news aggregation site which has a booming community of active users who contribute to the site on a daily basis. The co-founder of Reddit, Alexis Ohanian has said that cryptocurrency investors “should have been thinking long term.” Ohanian is a long time believer in cryptocurrency and when the market started to plummet he called it a “painful thing.” At the end of last year, Bitcoin had plummeted 80 percent from where it stood in the previous year. Ohanian said that disappointed investors should have sought to earn...

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Why Bitcoin (BTC) Has Not Bottomed Yet

Professional traders believe Bitcoin (BTC) has yet to find its true bottom but retail investors have a hard time getting their head around why the recent rally could not in fact be a precursor to a trend reversal ahead. While some have termed the recent rally as a dead cat bounce, we believe it is a bit more than that. The price might take its time to stabilize and will then have one final move to the upside before it comes falling down to a new low most likely in Q2 of 2019. There are a lot of indicators that...

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IBM VP Makes His Predictions On Bitcoin

The Vice President of Blockchain and cryptocurrencies at IBM has said that he is bullish on Bitcoin and has made a very brave prediction on where he sees the leading cryptocurrency going. Jesse Lund recently attended the IBM Think Conference where he revealed his long-term thoughts on the Bitcoin price target in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset the more utility that it will have. Furthermore, he thinks that people should focus less on the moving prices of crypto assets and more on their utility. Lund said,...

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How Bakkt Could Help Lift Bitcoin

If the international network that is Bakkt gets approved by the US Commodity Futures Trading Commission (CFTC), then the proposed Bitcoin futures trading system could contribute to a strong Bitcoin turnaround. In a previous post by Bakkt, the venture's founder, Intercontinental Exchange (ICE) is arguably the most successful operator across the globe when it comes to financial exchanges. The forward-thinking entrepreneur, Jeffrey Sprecher is at the helm of ICE which owns the New York Stock Exchange and other leading futures exchanges in many major asset categories. The unique track record of this seems to appeal to the investment from institutions,...

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Bitcoin (BTC) Loses Bullish Momentum, Price Eyes A Decline Towards 50 Day MA

Bitcoin (BTC) made its third attempt to breakout today and failed miserably as shown by the daily chart for BTC/USD. This rejection was a lot stronger than the one that preceded it. However, the way the price faced rejection when it tested the trend line resistance a few days back was enough to conclude that this rally did not have the momentum to continue before a retracement. We still believe that BTC/USD might make one last move to the upside before the imminent correction that would see the price fall to a new low in 2019. Bitmex CEO, Arthur Hayes...

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