Bitcoins

Time Is The Only Cure For Bitcoin’s Price Volatility Issues

One of the most common (and most valid) criticisms thrown bitcoin’s way over the years has been the issue of price volatility. With price swings of 10 percent or more in a single day, how is anyone supposed to use this digital asset as a real-world currency? While a number of different theories have been discussed in terms of how bitcoin will eventually become a less volatile form of money, the reality is there is only one real solution to this problem: time. Bitcoin’s Future Price Has a Wide Range There are plenty of people who are bullish on the long-term prospect of bitcoin’s usefulness as a global, permissionless money, but the idea that the digital money will take over the entire world one day is still nothing more than a dream at this point. For this reason, bitcoin’s true value is s...

Novogratz Thinks 2019 Will Be Bitcoins Year

The CEO and founder of the cryptocurrency fund Galaxy Digital, Mike Novogratz has recently gone onto TV to talk about the ongoing developments in the crypto space. Novogratz went on television to do an interview with Bloomberg recently to explain why he believes the first two quarters of next year will be the time for Bitcoin to thrive. The Galaxy Digital CEO is well known for being pro-Bitcoin and has previously declared the bottom of the cryptocurrency market whilst being consistent on being bullish for the digital currency. Novogratz’s appearance on Bloomberg highlighted the latest news that one of the biggest financial service providers in the world, Fidelity Investments will be releasing a digital currency-related custody service. The firm is a manager to over $7 trillion in customer ...

Bitcoin Scammer Arrested In Thailand

The $34 million Bitcoin scam has its prime suspect named Prinya Jaravijit who was arrested in Thailand after returning to the country. Jaravijit is allegedly part of a scam which saw a man from Finland, Aarini Otava Saarimaa scammed out of over 5,500 Bitcoins, this would be worth around $34 million in today’s market. The scam originally came to light during early August this year. According to Bitcoin News: “The victim believed that he was investing in Dragon Coin, but the cryptocurrency he handed over was laundered through several wallets and used to invest in real estate instead. He eventually contacted the police, who then began an investigation.” Members of the Jaravijit family have highly featured in the Bitcoin scam. Police arrested a popular actor in Thailand called Jiratpisit...

Bitcoin Almost Hit $7,500 This Weekend

The start to this week saw Bitcoin investors, and the market as a whole, shocked as the self-proclaimed stablecoin, Tether dropped 6% below the USD during a growing sense of confusion within the crypto space. In the early hours of Monday morning, crypto assets seemed to be on the upside and looked strong. However, numbers continued to waste away during the commotion. As users searched on the internet to find out what was the stimulant behind the influx, it became clear that there was something wrong. Furthermore, Bitcoin had somehow overshadowed the $7,200 mark on platforms that all support USDT including Bitfinex, Binance, Kraken and OKEx. However, Bitcoin only jumped a little over the $6,700 on non-Tether related platforms. For months now, Tether has been holding its value of $1 but has ...

Don’t Underestimate China’s Power In Bitcoin

There has been a wealth of news of late about China and the Chinese authorities new position on cryptocurrency. In the shortest possible terms, the government want to totally ban cryptocurrency trading and investment and wish to stamp out the Bitcoin culture that has slowly built up in China. Whilst this could pose problems for companies like TRON and NEO, overall, the actual power China have here is being underestimated. The international cryptocurrency community seem to be hiding from the facts. Many say that China can’t just stamp crypto out and many more believe that if they do, the impact won’t be significant, however China are a very powerful nation and their intervention in cryptocurrency will be significant, whether they outlaw it or not. We should consider Bitcoin mining for a sta...

Bitcoin (BTC): A Method To The Madness

Bitcoin (BTC) does not just go up and down, breaks supports and resistances based on sudden whims. Most traders are so focused on the 15 min chart that they miss the big picture. They fail to realize that major trading on exchanges is done by algorithmic bots. These bots are programmed to print a certain set of patterns. Have a good look at the above daily chart for BTC/USD. This is a pattern currently printed by the bots for us. To the amateur trader focused solely on smaller time frames, this is a disaster! The price just broke an important trend line that it held since September. This is a clear sign of weakness as Bitcoin (BTC) does not have enough momentum to hold support. However, I propose to you that this is not a sign of weakness, but a sign of manipulation. A bold statement, I kn...

Signs That The Bears Are Taking Over Bitcoin

After the market crash on Thursday, the future of a further drop in Bitcoin seems to be a bit brighter according to CoinDesk. The biggest digital currency in the world has been staying relatively steady over the past month but on Thursday there was a massive drop bringing the price down below the $6,500 mark and to the $6,200 level confirming a range breakdown. The technical indicators on the daily chart were also a bit slow and validating a negative moving average crossover on the long duration charts as was mentioned yesterday over several news outlets. The bears basically took control around 24 hours ago and they made sure they kept it over the past day. Moreover, the bearish case is now looking a bit more solid than it did a day ago due to a few key signs. Trading volumes Trading volum...

Bitcoin (BTC) Bears And The Coil Spring

Bitcoin (BTC) had a steep decline yesterday. During the last hour of trading, it plunged further into the red. This marks the completion of the final wave of capitulation. Bitcoin (BTC) has now begun the day in green. However, all of this happened for a reason. First of all, BTC/USD was trading in a big rising wedge on the 4H chart. It had to break below it at some point. Most news outlets linked the fall to a stock market meltdown, but it had little to do with that. It is possible though that investor (s) with large stakes in Bitcoin (BTC) feared a correlation and panic sold. However, in this market, one man’s loss is another man’s gain. The dumped Bitcoins (BTC) were happily picked by other investors and the price started rising again. The price of Bitcoin (BTC) has been trying to break ...

Richest Bitcoin Billionaires In China

A recent article published by Forbes shows a list of billionaires in the US which showed Bill Gates of Microsoft in the number 2 spot and Jeff Beroz of Amazon taking the number spotlight on the list. But the list contains people who have a net worth close to $3 billion which made Chris Larsen take the 383rd position with the previous 17 being worth an estimated $2.1 billion including the likes of Jeffrey Lurie, Getty Oils Gordon Getty and so on. The rise in cryptocurrency is evidently making people very rich. Historically wealth existed only in the value of your company or brand, now though, thanks to cryptocurrency, regular people are joining the rich list too. Irrespective of this downward trend in the market, some individuals had still maintained most parts of their money from the crypt...

Bitcoin ETF Mover Is A Crucial Advantage

The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs. In the interview, Lake said: “We certainly do not believe that we have missed the ETF boat by long shot. In our opinion, the last mover advantage is the best. Take the example of Netscape, they launched well before Google but look where they are right now.” The official from JP Morgan went onto say that the business has been planning out strategies to in order to differentiate the assets for a long-term viewpoint. The interview also informed users that JP Morgan was 19th in terms of digital...

Bitcoin Network Comes To A Standstill In China

Ben Kaiser from one of the most impressive universities in America, Princeton University and Alex Ledger from Florida International University have written a paper together on what China is impacting Bitcoin. The paper, titled ‘The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin’ describes all the multiple different ways that China could be manipulating Bitcoin. One of the most interesting parts of this paper is the ‘Great Firewall of China’ which observes all the internet traffic across the country with filters. Even if you take out the attack from China, the latency that Firewall has impacts the whole Bitcoin Network and since over 70% of all Bitcoin mining hash power comes from China, this is a big deal. China has banned trading –  when it comes to traditional...

Positive Future For Bitcoin In Gambling

The world of digital currencies and the world of gambling seem to be joining up. The benefits offered by currencies such as the market leader, Bitcoin isn’t an oversight. Winning Poker Network is one of the companies that is benefitting from supporting from the world of crypto over the past few years. There are several online betting websites that accept cryptocurrency such as Bitcoin, this is usually done through an effort to complement existing options. Providing consumers with more options to gamble seems to have paid off. Winning Poker Payments doesn’t seem to be regretting its decision to accept digital currency payments. A new report shows that most proceeds come from Bitcoin and altcoins. Dozens of digital currencies are supported during this time and after what was a bearish start,...