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ShapeShift CEO believes that bitcoin will take over gold as stablecoins replace physical cash In the future

Many people for a while now have been discussing the potential of how bitcoin could take over the financial world.  When it comes to its gold counterpart, bitcoin has been a strong opponent, especially when it comes to the world's reserve currency.  Many people for a while now have been discussing the potential of how bitcoin could take over the financial world. When it comes to its gold counterpart, bitcoin has been a strong opponent, especially when it comes to the world's reserve currency. Over the past few months, following the height of coronavirus, the argument that the US dollar...

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BTC/USD Eyeing 12000 Again: Sally Ho's Technical Analysis 16 August 2020 BTC

Bitcoin (BTC/USD) continued to set its sights on the 12000 figure early in today’s Asian session after traders lifted the pair from the 11688.00 area during yesterday’s North American session, right around the 200-hour simple moving average.  Some demand was later seen around the 11784.66 area, representing the 23.6% retracement of the recent appreciating range from 11120 to 11989.98.  Traders stopped just short of pushing the pair above the psychologically-important 12000 figure during yesterday’s Asian session.  One range that has influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a...

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Is there any cryptocurrency that could replace bitcoin in the couple years?

As many people know, bitcoin is the biggest Cryptocurrency in the market and for at least the next few years, it will continue to be so.  Since bitcoin came into existence, the world of Cryptocurrency has changed like no other.  As many people know, bitcoin is the biggest Cryptocurrency in the market and for at least the next few years, it will continue to be so. Since bitcoin came into existence, the world of Cryptocurrency has changed like no other. There are more than 5000 alternative currencies now that have been created and released into the world and they all...

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BTC/USD Tests 11858.19 Technicals: Sally Ho's Technical Analysis 15 August 2020 ETH

Bitcoin (BTC/USD) extended some of its recent trading activity early in today’s Asian session after the pair traded as high as the 11847.88 area during yesterday’s Asian session and as low as the 11651.24 area during yesterday’s North American session.   The pair continues to orbit the 11722.76 area, representing the 23.6% retracement of the recent appreciating range from 10546.15 to 12086.22.  Notably, technical resistance emerged when the pair tested the 11858.19 area during yesterday’s Asian session, representing the 76.4% retracement of the recent depreciating range from 12086.22 to 11120.00.  Traders observe that upside buying pressure recently emerged just above the 11248.08 area,...

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As the Turkish lira collapses, is bitcoin a good alternative?

Over the course of the past 10 years, there have been many sceptics on the world of cryptocurrencies.  Steve Hanke has said that a gold-backed currency could save Turkey as its national Fiat currency collapses during the pandemic of COVID-19.  Over the course of the past 10 years or so, there have been many sceptics on the world of cryptocurrencies. One famous bitcoin sceptic in particular, Steve Hanke has said that a gold-backed currency could save Turkey as its national Fiat currency collapses during the pandemic of COVID-19.  Writing in a tweet earlier this month, Steve argued that physical cash...

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