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Bitcoin (BTC) Halvening And Its Effect On Market Cycles

Bitcoin (BTC) halvening has an interesting effect on market cycles as we have seen during the recent correction. The above chart for BTC/USD clearly demonstrates how Bitcoin (BTC) halvening has not just brought about the halvening of Bitcoin (BTC) mining rewards, but also the halvening of market cycles in a similar manner. The first period of correction shown on the chart ranges between November 2013 and February 2015.  This correction lasted a period of 441 days. This was just before Bitcoin (BTC)’s halvening in 2016 which also halved the period of correction that followed. From December 2017 to August 2018,...

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Mines Now Being Used To Mine… Bitcoin

A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner. It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining. According to Coinjournal: “Frankfurt-based Northern Bitcoin is the company behind the Lefdal Mine in Norway that is challenging the status quo of Bitcoin mining and redefining it. Founded in 2015, Northern Bitcoin is making sustainable infrastructure available to Bitcoin and...

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Trading Bitcoin (BTC) Has Been The Same As Trading The Euro (EUR/USD) On Margin

Bitcoin (BTC) and the Euro (EUR/USD) have been trading not just in the same direction, but in a similar manner. The above weekly charts for BTC/USD and EUR/USD show that the both topped out around January 2018 and since then have been in a correction. Bitcoin (BTC) broke the downtrend against US Dollar which later became a support as Bitcoin (BTC) bounced off it in August. The same happened with EUR/USD as the Euro broke the downtrend against US Dollar which later became a support. The three green candles visible on the EUR/USD weekly chart show that the Euro has...

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Golem (GNT) Climbs Aggressively Against Bitcoin (BTC) And Ethereum (ETH) As Price Bottoms Out

Golem (GNT) is about to finish its first green candle against US Dollar (USD) on the weekly time frame after five consecutive red weeks. This week has been confidence inspiring for Golem (GNT) bulls as the trend seems to be reversing as the price has now put in a bottom. The above weekly chart for GNT/USD shows that Golem (GNT) has been trading in an ascending channel against USD since March 2017. Golem (GNT)’s price took a heavy hit against USD after its ICO but it did recover in the months ahead and had a bullish comeback even against both...

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Bitcoin (BTC): The Digital Land Grab And A Game Of Accumulation

Chart for BNC:BLX (1M) Bitcoin (BTC) is the digital land grab. Why do people see real estate as a relatively safe investment? That is because there is a limited number of land available and as time goes by the urge to own a greater percentage of it will keep Homo sapiens competing. Before the introduction of financial chicanery that has resulted in people getting robbed left, right and centre for decades, there was a time when people valued tangible assets the most. Today, the problem of double spending has gotten completely out of hand. Governments and central banks have been...

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