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Crypto-Carnage: Roubini Chips in on BTC Crash

Nouriel Roubini, the well-known BTC naysayer piled on the fear, uncertainty and the doubt to crypto enthusiasts earlier this week. As the bitcoin price continues its plummet into what could potentially be another crypto winter... Nouriel Roubini, the well-known BTC naysayer piled on the fear, uncertainty and the doubt to crypto enthusiasts earlier this week. As the bitcoin price continues its plummet into what could potentially be another crypto winter, the Turkish/American economist indicated that cryptos end is getting closer by the minute. Crypto-Carnage: BTC down 65% from peak; other top 10 crypto-currencies down 80% from peak. 1000s of other...

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Big Dirty Bitcoin Secrets: Why You Should Verify Your Bitcoin With The New Traceer App

It is unfortunate but no surprise for the crypto community that Bitcoin is tainted by black market transactions. These illegal transactions range anywhere from purchasing bootlegs, sex, firearms or drugs. With the Silk Road exchange controversy that resulted in the subsequent shut-down of the exchange, the seizure of tens of millions of dollars worth of Bitcoin, and the arrest and incarceration of many at the epi-center of exchange operations; Bitcoin’s reputation was deeply tarnished right out of the gate and viewed by the public as a vehicle for criminal activity. Even today, in the wake of the shut-down of Silk...

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Sally Ho's Technical Analysis 27 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated  early in today’s Asian session as the pair climbed to the 7189.99 area after trading as low as the 7021.84 area during yesterday’s North American session.  The pair’s ongoing weakness has not yet abated, leading to intense market speculation that traders may not yet be finished with pushing BTC/USD lower. Chartists are observing that even after Monday’s rapid move higher from multi-month lows, the pair is still trading below the 7473.42 area, representing the 23.6% retracement of the move from 10540.49 to 6526.00.  The next upside price retracement level related to that range is 8059.54, representing...

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Bitcoin vs The World

Banks have built their entire wealth from the ability to lend Money Bitcoin is currently facing a battle against the mainstream There’s something very sweet about the idea of Bitcoin adoption. Imagine a utopian universe in which your boss pays you in Bitcoin. You can then use that Bitcoin to pay your bills, go to the shops, by a drink, save money, fuel your car and use it in exactly the same way we use FIAT currency today. The problem with FIAT currency is that when we receive our payment, it’s handled by a bank, a middleman that has a...

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Why Bitcoin (BTC) Can Fall Below $3,000

Bitcoin continues to trade above $7,000 for now despite the recent bearishness in the market. Investors are still wondering where the floor is. We have seen the price crash massively in the past few days but any bullish reversal has yet to be seen. The price is trading at the bottom of a descending channel that was briefly breached but the price soon bounced back above the trend line support. Now that BTC/USD has closed below the 100 Week EMA, there is a risk of the price declining below the descending channel without seeing any significant upside short term.  The...

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