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How profitable is bitcoin mining in 2020?

The past decade came with many questions about the future of cryptocurrency and bitcoin. Indeed, many have seen how much potential is embedded in this new digital currency, and consequently, it is becoming mainstream faster than we anticipated. However, there are still many reflections, debates, questions, and future planning to do to spur the technology's adoption. One such discussion would be the profitability of bitcoin mining. For those unfamiliar with the concept, bitcoin mining refers to adding new transactions to the distributed ledger by solving complex mathematical equations. In turn, bitcoin miners are rewarded in cryptocurrency. In case you've ever...

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BTC whales now in full effect following bitcoin passing the $13,000 mark last week

Quick take 1 minute read Over the course of the past few weeks, bitcoin has been seemingly in an exciting up trend and even surpassed the $13,000 key resistance level at the end of last week.  Even though this year has been a drag for the most part with the coronavirus pandemic and the economic crisis that we have been succumbed to, bitcoin is seemingly doing pretty well.  Over the course of the past few weeks, bitcoin has been seemingly in an exciting up trend and even surpassed the $13,000 key resistance level at the end of last week. Even...

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BTC/USD Extends Rampage and Eyes 13694.57: Sally Ho's Technical Analysis 27 October 2020 BTC

Bitcoin (BTC/USD) exploded higher early in today’s North American session as the pair appreciated to the 13498.24 level after trading as low as the 13000.00 figure in the Asian session, its strongest print this year.  Stops were elected above the 13361.00 level during the pair’s ascent, a recent relative high, and strong upward pressure has kept the pair bid from the 12785.00 area.  Traders are continuing to monitor the 13488.49 area, representing the 61.8% retracement of a broad historical depreciating range from 19891.99 to 3128.89.  Above that area, traders anticipate some technical resistance between the 13868 and 13884 areas.  Stops were recently...

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Cyclebit Launches Mobile POS Terminal that Accepts and Exchanges Crypto

There are now dozens, if not hundreds, of payment apps that transfer money for goods and services across the globe. These projects provide electronic solutions that connect separate transaction parties and allow users to store their coins in secure wallets or convert them into fiat currency and send it directly to their bank accounts. Either way, you shouldn’t be concerned with how easy it is to store your funds, you should be concerned with how easy it is to spend them! The advantages of these systems vary, but most of them have indisputable advantages over bank or credit cards such...

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BTC/USD Capped by Technical Resistance Around 13250.02: Sally Ho's Technical Analysis 26 October 2020 BTC

Bitcoin (BTC/USD) weakened early in today’s North American session as the pair depreciated to the 13072.79 level after trading as high as the 13250.00 area earlier in the North American session, and as low as the 12950.00 area in the European session.  Stops were elected above the 13117.18 area during the Asian session, a level that represents the 38.2% retracement of the recent appreciating range from 12722.72 to 13361.00.  Traders are observing that the intraday high was right around the 13250.02 area, representing the 76.4% retracement of the recent depreciating range from 13361.00 to 12890.76.  Additional downside retracement levels in this range...

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