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American Congressman Says Bitcoin Mining Should Be Made Illegal

Yesterday (18th July 2018), saw two separate House Committees discuss cryptocurrency in general, as well as specifically talking about Bitcoin. While the debates reached no clear conclusion, it has shown the general ignorance of the US’s elected officials on these topics. House Financial Services Committee The second committee to debate on cryptocurrency and Bitcoin was the House Financial Service Committee, with the purpose of discussing potential uses of all virtual currencies both within the US and in international markets. It was during this debate where Democratic Congressman, Brad Sherman (California), suggested that: “We should prohibit U.S. persons from buying or...

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Bitcoin (BTC) Will Plummet According To Peter Schiff

 Renowned sceptic of Bitcoin, Peter Schiff has, once again, brought up his point regarding ‘cryptocurrencies are bunk’ back to the light. Schiff appeared on The Joe Rogan Experience podcast for the third time to attempt to reiterate his point and say mostly negative things about virtual currencies such as how he believes the price of Bitcoin will evidently crash and sink below $1,000. Schiff also mentioned that the debate he had with the, Eric Voorhees (CEO of Shapeshift) was ‘rigged’. Schiff vs. Voorhees So, let’s quickly go through that debate Schiff had with Voorhees. When Schiff went on the...

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Bitcoin (BTC) ETF FOMO Likely To Suppress Upcoming Altcoin Rally

Bitcoin (BTC) may not be as strong as the crypto community seems to believe. The recent ETF FOMO has certainly convinced many that the correction is over and Bitcoin (BTC) is ready to take off. However the fact remains that the BTC/USD chart above is anything but bullish. The price action looks weak and Bitcoin (BTC) is resisting a pullback but it cannot hold on for long. Wave trend seems to have run into a resistance on the daily chart for Bitcoin/US Dollar and the Inverse Fischer Transform Stochastic signals a big pullback in the near future. While it may...

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Here’s Why Bitcoin Will Grow SUBSTANTIALLY Into 2019

It seems like the string of bad news surrounding Bitcoin and other cryptocurrencies is slowly coming to and end revealing a light at the end of the tunnel for the market. Over the past week, Bitcoin and other cryptocurrencies prices have been up relatively high, especially when you compare them to other recent prices. Despite the obvious boom for the market last December and then a substantial fall as we entered the new year which continued into February. Some analysts looking at the current boom in the market believe that there are a few reasons for this. Alternate cryptocurrencies are...

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Short Sellers Suffer With Bitcoin (BTC) Price Hike

As most of you will know, Bitcoin has surged past the $7,000 mark having slumming in the bear market for quite some time. After the bull run hit, the coin rose up by more than 10% and the total market cap jumped by $20 million. Despite the whole community jumping in glory at the news, the short sellers were left weeping in the corner after the upward trend has led to a loss of $180 million short positions. One of the leading cryptocurrency exchanges around the globe, BitMex provides a somewhat bit of leverage for the short sellers. Short sellers...

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