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Paper Bitcoin: What Is It And Why It Will Crush Under Pressure

In a new video the popular cryptocurrency YouTuber, Mr_Kristof, he talks about paper Bitcoin and that there is potentially 42 million of the asset in circulation. On 17th December 2017, the CME Group launches its futures platform. On this same day, this is when Bitcoin was nearing $20,000. Remember, this is during a time when mainstream media outlets were covering the price of Bitcoin on a daily basis as it was well known at this point that you could make millions off the leading cryptocurrency. Mr_Kristof makes a comparison to the gold market saying that gold is something that you...

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Bitcoin (BTC) Remains Vulnerable Until Trend Line Resistance Is Broken

Bitcoin (BTC) bulls have come up with a lot of bullish setups that could play out in the weeks and months ahead. However, as long as BTC/USD remains below the trend line resistance, all bets are off. Yesterday’s daily candle closed below the trend line resistance after facing strong rejection. Today’s daily candle has already declined below yesterday’s candle and it is now clear that the price may decline towards the 21 Day EMA in the days ahead. That being said, there is no reason to look for bearish entries at this point as the risk/reward is not favorable. Bitcoin...

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Bitwise Exec: 95% Of Crypto Will Be Diminished

There are many people that believe that the Bitcoin bull market was a bubble and that in 2018 said bubble burst and what was left was the continuous turmoil of the bear's grip on the market. But there was a silver lining of sorts, there was a lot of money and gifted individuals brought into the fleeting industry. The head of research at the Bitwise operation, - the creator of the world’s first crypto index fund -  Matt Hougan shares this sentiment who spoke to Barry Ritholtz on his podcast that “It was a massive run-up and a massive pullback....

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What’s Changed in the Crypto Market for 2019?

The 2018 cryptocurrency markets, famous for two things, the crypto boom which helped lift Bitcoin to $20,000.00 and of course, a surge in ICO adoption. 2018 saw a record amount of Initial Coin Offerings (ICOs) take place. During this time, an awful lot of ICOs did fail, for obvious reasons too, some, however, did manage to take off and in turn ended up funding some of 2018’s crypto success stories. As we enter 2019 however, we have to explore how ICO culture has changed over the year, in line with the sinking optimism following the markets. ICO funding is down...

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Is It Too Early For Bitcoin (BTC) Bulls To Claim Victory?

Bitcoin (BTC) bulls are already celebrating after the massive short squeeze that saw weeks of bearish positions liquidated in a matter of minutes! Even though retail bulls have suddenly appeared out of nowhere to claim victory and take credit for the recent spike in BTC/USD, the reality is that it had more to do with stubborn bearish positions being liquidated than genuine bullish interest returning back to the market. That being said, the recent spike that saw BTC/USD close above its 21 Day EMA has once again sparked a new wave of bullish euphoria in the market, but is it...

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