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The Technology Behind Ripple Has More Potential Than Bitcoin

During this year, Ripple Inc has been showing signs of significant growth. Its recognition not only institutions but also on a domestic level is quite remarkable and day by day the community of XRP enthusiasts and followers seem to be stronger and more outspoken than ever before. According to the Chief strategist over at Ripple, Cory Johnson, the reason for why Ripple is so popular is much more than just a propaganda stunt. In a recent interview published by Steven Diep, Johnson mentions that even though the technology behind Bitcoin is ‘poor’, the development of XRP surpasses it in many...

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Bitcoin Mining In Norway To Lose Out

Through 2018, the profitability of Bitcoin mining (and the mining of other cryptocurrencies) has taken a bit of a tumble. Prior to the start of the year, when Bitcoin entered a bull phase and almost peaked at $20,000.00, the Bitcoin mining industry saw a huge uptake in popularity, simply because all of a sudden, mining Bitcoin could have become a very profitable business. Through the year though, a bad recipe of climbing energy prices and the falling value of Bitcoin has meant that now, mining Bitcoin really doesn’t make anyone much money. Tie this in with the sudden change in...

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Bitcoin (BTC) ‘Capitulation’ More Likely To Be Followed By Lawsuits Than Bull Runs

Bitcoin (BTC) has seen good days and bad days throughout its trading history. The last bear market began in 2014 and lasted till 2015. During that period, the Mt. Gox hack accelerated the fall of BTC/USD. So, the decline as well as the capitulation that followed seemed quite natural with little to no signs of any manipulation. Of course, there is manipulation in every market, but we are talking about the sort of manipulation that is too obvious to ignore. If we compare the 2014-15 bear market to the current bear market, we see a lot of similarities in the...

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Bitcoin (BTC): How The Recent Slump Differs From The Previous One

Bitcoin (BTC) had two major slumps within less than a week. While the first crash caught most investors and traders off guard, the second one was very much predictable. The above 4H chart for BTC/USD shows how the first crash happened and why it was not as surprising as many people think. The period on the chart labeled as “D” refers to the drop that might have been hard to time. The RSI was relatively overbought at that range but the price could still have gone up. However, when the price fell and entered a consolidation in the period on...

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Why The Independent Are Wrong About Bitcoin

UK News giants, The Independent have published an article titled ‘Cryptocurrencies are about to become worthless - and this is what will happen when they crash.’ We want to quickly discuss why The Independent are wrong. Obviously. “Anything that is so volatile cannot be a satisfactory unit of account. It is itself stable so you can’t measure other values against it. It can be a medium of exchange but you would have to fix the transaction price instantly, and in any case, the capacity of even an established cryptocurrency to handle a mass of transactions is limited. As for store...

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