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Why Bitcoin (BTC) Will Begin A New Cycle In November

Bitcoin (BTC) has been following an interesting pattern of completing a bullish and bearish cycle on the sixth of every month in an alternating order. As we can see on the BTC/USD daily chart above, a fall is followed by a rise. This has been happening in alternation since the beginning of the correction. The chart shows that the big swings at the beginning of this pattern have now been reduced to minor movements. The bullish period between October 6 and November 6 has seen such small movement that it can be said to have made no significant impact at...

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Here's How Much Bitcoin You'd Have If You Invested Before The Boom

In December last year, the crypto market boomed with Bitcoin almost hitting $20,000. Less than a year later, the value of the leading cryptocurrency has dropped to around $6,500 (currently priced at $6,474 at time of writing). Even though Bitcoin has dropped from its all-time high of nearly $20,000, if you invested a thousand dollars in the crypto five years ago you would have made a massive profit, obviously. During the end of 2013, the value of one Bitcoin reached heights of around $1,000 and lows of below $600. When the cryptocurrency began to go mainstream during this time, it...

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Smart Contracts Can Be a Short-Term Bandaid for Bitcoin’s Price Volatility Issues

As we’ve previously discussed, bitcoin price volatility is a main area of concern for people who are thinking about moving into the world of cryptocurrency for the first time. This is an issue that can only be solved with time, but it’s possible that smart contracts will be able to enable a bit more stability for those who seek it over the short term. What is a Smart Contract? “Smart contract” is a term that every new blockchain-related project stuffs into their marketing materials, but the technical meaning of this phrase has been mostly lost in all of the hype...

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5 Reasons Why A Bitcoin ETF Will Be Approved

  Listen Here - https://soundcloud.com/cryptodaily/btc-eth-xrp-bth-update-5-reasons-why-a-bitcoin-etf-will-be-approved The Bitcoin ETF saga continues this week, with further word from the now famous VanEck Bitcoin ETF application. In case you’re not familiar or you’ve (somehow) totally forgotten, ETF stands for Exchange Traded Fund. In short, the United States Securities and Exchange Commission (the SEC) who are in charge of financial matters within the US are inspecting a number of Bitcoin ETF applications. The SEC have the power to decide if an ETF is approved, therefore in this process they are looking at the legitimacy of the applications and of course, are looking at how...

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Why Bitcoin Is Better Than Banks

Ethereum World News had looked into the possibility of Bitcoin being accepted by the electric car company Tesla as a way for customers to purchase the revolutionary eco-friendly vehicles. Exploring the energy from Bitcoin consumption had not been fully analysed and compared to the entire spectrum of traditional banking and financial services. We had briefly mentioned that the total energy consumption from banking operations and the process of printing money which probably overshadowed that of BItcoin by a large percentage. Estimating the number of machines and moving parts consumed more energy to create. There was also the aspect of maintaining...

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