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WIlly Woo Expected Bitcoins Collapse To Happen And Now A Surge Is Looming

Famed cryptocurrency analyst Willy Woo has spoken out about the current market collapse that is driving the price of Bitcoin down once again. Over the past few weeks, Bitcoin has made steady progression breaching $8,000.00 and remaining up there through the end of July. By the start of August though, Bitcoin had well and truly fallen. At the time of writing, Bitcoin is valued at $7,617.70, down 2.55% overall. Woo expects that Bitcoin will sink and move back into the $5,000.00 region before the next surge. It came close during June and July and now it does seem to be...

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Investing In Bitcoin Vs Stock Market

Older market watchers seem to drift toward stocks and shares when investing their capital. Bitcoin and all other cryptocurrencies are considered high-risk when investing in them. Meaning that there is more chance to lose your investment money as well as make a profit. Since the Presidential election of 2016, we have seen markets price future expectations and this saw Bitcoin and Dow Jones Industrial Average soar. Although, Bitcoin's price has been dictated to by foreign (non US) capital. With political pressures in China and India investors have been pushed into a decentralised asset.. Bitcoin Bitcoin Investment Returns The past few...

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Bloomberg Reports Even At Its Least Volatile Nobody Is Spending Bitcoin

Many argue (including ourselves) that when Bitcoin volatility drops, it will become far easier to spend and thus, more adoptable. Now, Bitcoin volatility is hardly down at the moment, but we can say that volatility has decreased somewhat. With cryptocurrency more popular than ever, this seems to be the perfect recipe for adoption right? A less volatile, more popular currency will be spend more? Well, according to Bloomberg, this isn’t the case: “After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline,...

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Bitcoin (BTC) Finds Support At 100 EMA After A Steep Fall From $8,300

Bitcoin (BTC) fell sharply last night after rejection at a critical downtrend resistance as can be seen on the BTC/USD daily chart above. The price action appeared weak as Bitcoin (BTC) failed to hold the 200 EMA and fell right through it. However, the bearish momentum weakened as Bitcoin (BTC) bounced off the 100 EMA and found temporary support. Currently, RSI and MACD indicators for BTC/USD indicate short term oversold conditions and consolidation is likely before the next move up or down. At the time of this analysis, Bitcoin (BTC) is currently down 2.5% against USD and is currently resting...

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Falling Stock Markets Are Proof That Millennials Were Right About Bitcoin

As this is crypto news, we’ll keep the reference to the stock markets low. If you didn’t know though, this week, many stocks have fallen after large companies like Netflix, Facebook, Spotify and Twitter have announced big losses in Q2. According to Marketwatch: “Both Facebook and Netflix saw their shares fall into bear-market territory on Monday (30th June 2018), defined by a decline of at least 20% from a recent peak, and nearly 40% of the S&P 500’s technology sector is in correction territory, typically characterized as a fall of at least 10% from a recent top.  Twitter Inc, electric...

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