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Indecisive Bitcoin (BTC) Could Slow Down Ripple (XRP) Rally

Ripple (XRP) which is the third largest coin by market cap is up almost 5% at the time of writing. This growth has been a lot more exuberant in the past few days when Ripple received a big boost in anticipation of a market recovery. However, the excitement fizzled out when Bitcoin (BTC) proved to be indecisive once again. Recent price movements hint a retracement to test the previously breached downtrend line again. If Bitcoin (BTC) holds that line as support, it will confirm a trend reversal and we can expect a recovery from them for most coins. As for...

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Bitcoin (BTC) Tax Day Hype Just Another Bull Trap?

Most investors in Bitcoin (BTC) expected a big pump after tax day which is why it did not happen. Makes sense? Let me put it this way, when you start trading you put your stop loss around all these beautiful trend lines and it fails you most of the time. Then you get to thinking why people actually draw trend lines if they are not supposed to work? A little more digging followed by practice and you realize that the point where you used to place your stop loss should actually be the point you open your positions. This is...

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As The Shadow Of Tax Day Passes, Bitcoin Could Reach The Moon

Today marks the US tax deadline, also known as Tax Day. As this date has been looming the past few months, many experts have put the low performance from the big cryptocurrencies like Bitcoin down to the fact people have been selling off their assets in order to square up their accounts ready for tax returns. Head of Research at Fundstrat Global Advisors, Tom Lee has said that with the deadline here, we should see all selling of crypto-assets for capital gains tax, halt, giving the markets a chance to re-cooperate and settle, before the next expected bull run. Which,...

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Stop Seeing Bitcoin As A Company Says Leading Crypto Expert

Cryptocurrency expert, Brian Kelly, who is the founder and CEO of BKCM LLC has said that he does not believe that people should think of Bitcoin as a company; a mistake he believes that many investors make, and instead likens it to the ‘internet in the 1980s’, emphasising that the cryptocurrency is not stock. He said; “You can’t think of it as a company right and I think that is where people make a mistake…this is not stock, it’s not a company, it’s open source software…We’re early stage tech in this so you have to remember this is like the...

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bitPico Carry Out Large Scale Attack On Bitcoin Network

News has surfaced this morning of a successful attack that has been carried out on Bitcoins Lightning Network. Bitcoin introduced the Lightning Network to solve scalability issues and to also decrease the need for high transaction fee’s to be implemented on minor transactions. The network is composed of a series of payment channels that are made of multi-signature wallets. This allows for faster facilitation of regular, small payments. So, for example, purchasing a meal using Bitcoin. Traditionally, it would take vast amount of time for the transaction to be confirmed and moreover, even though the value of the transaction might...

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