Bitcoins

90% Of Altcoins Will Be Wiped Out, Making Bitcoin More Affordable According To One Expert

Ted Rogers, the President of Xapo has recently spoken out about the looming crypto ‘recession’ that he believes is enough to totally wipe out 90% of the markets altcoins, making way for new low Bitcoin prices that in turn, will reap huge rewards for investors. According to Coinspeaker: “Rogers recently said that 90% of the digital currencies in the cryptocurrency market are poised to get wiped out while predicting an impending recession to take place in the altcoin space. Rogers says that this lapse will give crypto enthusiasts a huge opportunity to buy Bitcoins at a discounted rate.” If 90% of altcoins are wiped out, the market capitalisation and dominance of Bitcoin will change dramatically, though we would expect that it still holds a majority over the other remaining 10% of cryptocurre...

What Does A Surge In Coinbase Customers Mean For Bitcoin Adoption?

Brian Armstrong, the CEO of Coinbase has told Bloomberg that last year, the exchange was dealing with up to 50,000 new customer sign ups per day, suggesting that between the years of 2017 – 2018, we saw the biggest surge yet in the popularity of cryptocurrency. Of course, we already know that this is the case and we know that popularity was spurred on by a huge surge in the value of cryptocurrency, but there’s a bigger picture to be explored here. Moreover, according to Bloomberg, Armstrong added: “This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau. People’s expectations are all over the map, but real-world adoption has been going up.” Furthermore: “I think it will be quite some time before you cross the street to S...

Markets Rebalance As Heavy Correction Halts The Fall Of BTC, XRP, EOS And IOTA

After a catastrophic day in the markets, it seems to slide has finally come to an end today, letting us start the mid-week period with a little bit of an optimistic outlook. This optimism may be short lived, as many do believe the decline of crypto hasn’t come to an end just yet, either way though, let’s relish in the fact that as it stands, crypto is no longer falling. What is happening here? This market decline is organic, it may be in response to world economics but generally, there isn’t one lone factor causing this, this is simply put, a response to various different events and situations, causing a sell off which is causing values to tumble. Overall the consensus has been that the markets will fly high again soon, but major cryptos will find new bottoms in the process. Notably, many ...

Bitcoin Can Stabilise Britain After Brexit

With news of the Turkish Lira seemingly hot, talks of how Bitcoin could rescue the countries economy are sprawled across headlines at present, leading to the opening of many debates surrounding Bitcoin as a rescue method for a number of other future and potential financial crises. We have recently seen discussions about Bitcoin being used in a USD crash and now, we are seeing reports surrounding the use of Bitcoin in a post-Brexit crash of GBP, a worry on the minds of many living on the island. Whilst a crash of GBP is not guaranteed, many in Britain do believe that the looming withdrawal of Britain from the EU will cause the value of the pound sterling to plummet, Bitcoin could hold an attractive rescue plan for British citizens in this instance, according to one FinTech expert. According...

Bitcoin (BTC) Strongly Defends $5,800 Support As Crypto Carnage Continues

Bitcoin (BTC) has held the $5,800 support so far even as crypto carnage continues. While most altcoins have already suffered double digit losses, Bitcoin (BTC) has held its ground as can be seen on the daily BTC/USD chart above. The price is currently trading above $6,000 as technical conditions have reached oversold levels for the most part. RSI is trading barely above 30 but seems to have formed a double bottom. Weis Wave Volume indicator on the lower half of the above chart shows that the major move down is almost over as there is no momentum left for further downside at this point. The overall EMA alignment remains bearish on the daily chart for BTC/USD. The price is trading below the 50 EMA and the bears are still very much in charge. Bulls are generally nowhere to be seen as there is...

FOLO, Fear Of Losing, The New Emotion Driving Bitcoin Down

You’ve head of FOMO (fear of missing out) but now we want to propose a new concept, FOLO, the fear of losing, the specific emotion that looks to be accelerating this months market collapse. Simply put, FOLO is a fear of losing assets, a fear of losing funds and a fear of losing money. FOLO exists in falling markets because crashing prices encourage investors to sell up on the premise that their portfolios are sinking. They need to sell fast in order to retain the maximum possible profit, otherwise they risk actually losing money, the worst nightmare for any investor. FOLO is the polar opposite of FOMO. FOMO encourages investment, through this notion that investors might miss out on potentially huge profits as a result of failing to invest. FOMO drives, FOLO dumps. It makes sense Of course,...

ETF’s Won’t Make Bitcoin, Failing FIATs Will

There’s been a MASSIVE 42% increase in visitors to https://t.co/OsFgRFRRZb from Istanbul as the Turkish Lira plummets. This is how Bitcoin takes over the world, not through ETF’s and “HODL”, but through replacing fiat currencies as they fall apart! — Cøbra (@CobraBitcoin) 13 August 2018 ‘Cobra’ the co-owner of Bitcoin.org has published a tweet that suggests Bitcoin.org has seen a 42% increase in web traffic from users in and around Turkey. This, in turn coincides with the recent collapse of the Turkish Lira, a currency that now sits next to the US Dollar at $0.14 per Lira, compared to $0.28 per Lira a year ago. In the tweet, Cobra states: “There’s been a MASSIVE 42% increase in visitors to http://Bitcoin.org  from Istanbul as the Turkish Lira plummets. This is how Bitcoin takes over the wo...

Ouch, BTC Falls, ETH, XRP And BCH Crash, It’s A Bad Day For Crypto

It’s a bad day for crypto. The markets have crashed and are leaving behind empty shells that were once filled with value and optimism. We had hoped for August to be a truly positive month, helping us regain the losses encountered over the past few months. The truth though – August is looking to be the most negative month we have experienced since the boom. Values are down and crypto is falling. I suppose though there is one good thing to take from all of this, values are low. The markets will recover from this collapse, that’s for sure. The thing is – we can’t tell when or how things will pick up again. Therefore as investors, all we can do is simply watch from the distance. Keep an eye on your assets and watch how they perform. Watch the headlines for signs of a bull run and k...

Earning BTC By Shopping Online

You’ve heard of paying for products online using Bitcoin, but have you heard of being PAID in BITCOIN for buying products online? You may have used a cashback service before, one that rewards customers for choosing to shop with a particular brand, by refunding them a percentage of the overall price. It’s sort of like a sale, but instead of cost being taken off the product, the saving is sent back to you after you’ve purchased it. Often, cashback payouts sit at around 1% – 10% of the overall price, but in some instances you may see cashback offers as high at 50%, and more. Coinback is a new service that aims to reinvent this industry, one that pays back a percentage of your total bill, not in cash, but in Bitcoin. https://getcoinback.com/ On the surface, this seems to be available to ...

How To Use Ethereum & Bitcoin On eBay And CraigsList

Using cryptocurrencies to make payments on standard websites is a little bit of a dream. The first step for cryptocurrency adoption, will be the adoption of cryptocurrencies by mainstream websites such as Amazon and eBay. Until then, we have to deal with third party services that allow for cryptocurrency payments to be made on these websites and market places, some such services include cryptocurrency gift card suppliers. OmniBazaar is the latest service to join this ever growing field. Simply put, OmniBazaar aims to make it easier to use cryptocurrencies on websites such as eBay, Upwork and CraigsList. Image sourced from – PR Newswire Some of the problems with these websites, as listed here, include centralisation and authoritarian control, leading to data misuse and other problems,...

The Future For Turkey Could Be In Bitcoin

 The Turkish Lira (Turkey’s FIAT currency) has hit headlines this week as the currency has collapsed, leaking value like a broken tap, throwing Turkey into an economic meltdown. This seems to be as a result of new tariffs imposed on Turkey by the United States. Donald Trump’s administration have increased import taxes for Turkish steel and aluminium, this tied within other political tensions has caused the value of the Lira to plummet. Last week alone, Lira fell one fifth against the US Dollar, after an average 50% fall by the Lira in the past year alone. According to The Guardian: “Turkey’s economy faces some very challenging issues. It is running a current account deficit, combined with high levels of debt in the private sector and significant foreign funding in the banking system. Infl...

Bitcoin (BTC) Dominance Faces Resistance While Altcoins All Set To Take Off

Bitcoin (BTC) has run into a historical dominance resistance. The chart above shows that Bitcoin (BTC)’s dominance is in a constant downtrend since January 2017, the month when altcoins first began to challenge Bitcoin (BTC)’s dominance. Bitcoin (BTC) has shown strength the past few days but recent events, particularly ETF rejections and delays have made it abundantly clear that this time will be no different and that Bitcoin (BTC) will do what it has done over the years, that is follow a cycle of decline against altcoins followed by a cycle of rise against altcoins. The chart above for total market cap of cryptocurrencies excluding Bitcoin (BTC) shows that altcoins have done well in times of declining Bitcoin (BTC) dominance. For instance, during Dec 2017 and January 2018, when Bitcoin (B...