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Gaming Bitcoin On A Nintendo Switch?

Throughout the world, Bitcoin has split opinions. The famous American investor Warren Buffett once referred to Bitcoin as ‘rat poison’ and there are many people out there who would agree with him. But then there are people who have the same outlook as us, who love Bitcoin - and the crypto space as a whole. Bitcoin is a form of money that is outside of the government’s reach, it’s a store of value, a hedge in a dwindling economy and potentially can be a life-changing investment. Others will see Bitcoin as a technology that they can mess around with just...

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Sally Ho's Technical Analysis 5 June 2019

Bitcoin Bitcoin (BTC/USD) gained some ground early in today’s Asian session as the pair moved higher to the 7792.82 area after finding a floor around the 7427.00 area late in yesterday’s North American session. Some clues emerged during yesterday’s European session after the pair struggled for hours to move back above the 7972.00 area, a support level from 30 May that served as technical Resistance yesterday. Some minor Stops were elected when the pair briefly moved above the level, but traders were able to decisively push the market below the 7724.78 area, representing the 38.2% retracement of the move from...

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Will Miners Stick Around When All Bitcoins Have Been Mined?

One of the main features of Bitcoin is that it is limited to a supply of 21 million Bitcoins. This means that it is completely impossible to make more of the leading cryptocurrency, unlike fiat currency which can be printed. The limited supply of Bitcoin drives its value too. Although because Bitcoin is kept afloat by a network of miners who are compensated in block rewards, many people wonder what happens when all the Bitcoins have been mined. Just as we wonder what will happen when fossil fuels run out in fifty odd years, it is a scary thought for...

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Analyst: BTC Is Facing A Pull-Back & Consolidation

At the end of the day, it seems that the cryptocurrency markets have made some significant gains over the past few weeks (despite going under the $8k mark over the past 24 hours). One crypto influencer analyst, Brian Krogsard admits that things might be changing a bit in the mid-term though. The general outlook in the crypto space seems to include both further possible upsides for Bitcoin, as well as potential upcoming sideways or downward action. Krogsgard noted crypto’s largest assets might be a bit far extended, according to an interview earlier this week with Crypto Potato. “I’m in the...

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Bitcoin (BTC) Price Action Suggests Rally Past $9,000 Will Be Unsustainable

Bitcoin (BTC)’s rally has come to a standstill but not in the way many would have expected. It has lost the bullish momentum that most believed to be crucial for the price to rally towards $10,000 as the price has crashed massively in the last 48 hours. Now, it will have to crawl past $9,000 just to test the 38.2% fib retracement level from the previous all-time high. If the bulls are lucky, we might form a big wick to $9,651 or slightly higher before the price sets for its new downtrend. It has become very clear now that it...

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