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Did You Receive Any Bitcoin This Christmas?

Christmas and the holidays bring with them the tradition of gift giving. Indeed, I’m sure our readers will have asked for a whole host of things to be gifted to them, was anyone however brave enough to ask Santa (or his equivalent) for Bitcoin this year? Gifting Bitcoin is a little bit of a strange concept, as really, buying Bitcoin is a gamble. As a result of market volatility, you could purchase a gift for somebody in Bitcoin that could be worth x amount at the time of purchase, but could have lost 30% of it’s value by the time...

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Argentina Will Be Waiting A While For Bitcoin ATMs

A while ago now, Argentina was promised thousands of Bitcoin ATMs to be installed all over the country by the end of 2019. It was reported by numerous crypto news outlets in October that the United States based financial provider Odyssey Group was gunning to roll out around 150 Bitcoin ATMs in Argentina by the end of 2018 with plans to distribute by the end of 2019 A general manager at Odyssey, Begona Perez De Solay made some ambitious promises which said that firm intends to have installed a total of 1,600 Bitcoin ATMs by the end of 2019, with...

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Bitcoin (BTC)’s Worst Days Behind It As The Bear Market Nears Its End

Bitcoin (BTC) is about to find some relief as the yearlong bear market comes to an end. Make no mistake, Bitcoin (BTC) is not likely to shoot straight towards its previous all-time high in the next few months and then reach a new high in 2019. It will be a long time before we see that happen. Investor confidence is hurt badly at the moment. One might think that there are a lot of smart people who would not care about emotions and would be happy to recognize this opportunity and accumulate at current levels. However, the reality is that...

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Only 37% Of Bitcoin Addresses Are Economically Relevant

Chainalysis the famed blockchain research firm have recently completed a study in order to determine the economic relevance of all of the Bitcoin addresses in circulation. In their study, Chainalysis found that just 37% of all addresses are economically relevant. “A bitcoin address is like an email address that can send and receive bitcoin. Like email addresses, they are free and easy to set up, and there is no limit on how many an individual or company can have. As a result, there are a lot of them — about 460 million as of December 2018.” The research was carried...

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Bitcoin (BTC) Likely To Remain Above Key Fibonacci Support

Bitcoin (BTC) retraced in the past 24 hours as expected after running into resistance at the top of a descending channel. The above chart for BTC/USD on the 1H timeframe shows that the price can be expected to retrace all the way towards the bottom of this descending channel. However, there are certain key levels of support that minimize the probability of a fall towards the bottom of the descending channel. The first support that the price will run into is the 5 hour EMA followed by the 10 hour EMA. The 5 hour EMA is of little consequence and...

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