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What You Should Know About Bitcoins Hash Rate

In its most fundamental format the hash rate is the processing power of the Bitcoin network. A 51 percent attack is one that sees one entity take control of the majority (at least 51%) of the blockchain or network. To be honest, there’s an awful lot you should know about cryptocurrency and blockchain technology if you want to flourish in this industry. Be that as an investor, a writer, a programmer or even as a creator. Frankly, the entire landscape is complex and difficult to navigate, especially when you come across terms like ‘hash rate’ which to the lay person...

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Sally Ho's Technical Analysis 15 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 7006.01 area after trading as high as the 7264.33 level during yesterday’s European session.  Traders are awaiting the next major cues from market developments to adjust their market biases.  The market has recently traded around the 7084.98 area, a very important technical area that represents the 23.6% retracement of the move from 19891.99 to 3128.89.  Traders were able to elect Stops below this level during yesterday’s North American session and the pair moved to the 7008.03 area in short order.  Stops were also hit below...

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Bitcoin (BTC) Risks Massive Further Downside Below $7,200

Bitcoin (BTC) has plunged below $7,200 again and is now once again at verge of massive further downside. The 4H chart for BTC/USD shows that the price has remained rangebound for a long time between the $7,197.5 and the $7,162.75 levels. The latter which also corresponds to the 50% fib level has now been breached for the first time in two days which tells us that something decisive might be around the corner. The price of Bitcoin (BTC) may be above to decline down to the 61.8% fib level which would be around $7,000. The price is very unlikely to...

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The CSO Of The Human Rights Foundation Suggests We Haven’t Seen Bitcoin’s Full Potential Yet

When Bitcoin surfaced, it was as a reaction to the traditional financial system which wasn’t performing as well as it could have. Bitcoin has been utilised and seen as by many, as an “escape valve” in several nations across the globe. It’s safe to say that the underlying technology has the potential for great things far beyond finance. Alex Gladstein believes that the “maximum human potential impact” of any kind of technology is not known straight away. As well as other cryptocurrencies, when Bitcoin surfaced in the late 00s it was in reaction to the traditional financial system which wasn’t...

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Sally Ho's Technical Analysis 14 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 7220.95 area after trading as high as the 7299.21 level during in yesterday’s North American session.  The pair has steadily appreciated from the 7075.01 area during Thursday’s Asian session before encountering selling pressure yesterday.  Chartists note that the 100-bar MA (4-hourly) has recently Bearishly crossed above the 50-bar MA (4-hourly), a technical development that may coincide with some market weakness in the short-term.  Likewise, the 200-bar MA (hourly) just Bearishly crossed above the 100-bar MA (hourly), another technical development that may be reflected in additional...

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