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Bitcoin (BTC) Charts They Don’t Want You to See

Long term trends are one of the best indicators of future price action for any asset, including Bitcoin (BTC). The reason why they work so well is that they have been tried and tested at different phases of the market cycle on a much larger scale. While we may not have as much data for Bitcoin (BTC) as we would like to, it is still a better idea to base any technical analysis on the larger time scale of more than six years for Bitcoin (BTC) instead of drawing lines and patterns on a six months or two years chart....

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Why Are People Still Tampering With Bitcoin? Bitcoin Has Seen 44 Forks Since August

Bitcoin, the first cryptocurrency and the kind of the markets is not unfamiliar with the concept of a fork. What exactly is a fork? According to Tech-recipies.com: “To overly simplify, cryptocurrency uses computer generated code to create a form of digital money. Bitcoin was the first to gain popularity; however, hundreds of such coins such as Litecoin and Dogecoin now exist.” “An accidental fork occurs if coin updates are not truly compatible. People using different versions of the software create two different ledgers–one from the older version, and one from the newer version. In this circumstance the coin developer must...

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This Is A Very Expensive Slice Of Bitcoin

Today marks the eight-year anniversary of Bitcoin Pizza Day. On this day, in 2010, a Bitcoin enthusiast used Bitcoin to purchase two pizzas at the price of 10,000BTC. At todays price of $8,267.85 per Bitcoin, these two pizzas would now be worth an incredible $41,339,250.00. If that doesn’t mark the amazing progression of Bitcoin, nothing will. Let’s just hope that that price, the guy who bought the pizzas got extra Pineapple, because as we all know, Pineapple DOES belong on pizza. According to Finance Magnates, the buyer of the Bitcoin Pizzas, Laszlo Hanyecz spoke to the New York Times last...

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Crypto Will Be Flying High In 6 Months Time

Yesterday, we saw some reports that stated Bitcoin could reach $20,000.00 in just 6 months time. As we know $20,000.00 marks an ultimate goal for Bitcoin. Granted, for many this is just a starting point, with many investors believing Bitcoin is worth far more than that, overall though, we believe $20,000.00 offers a strong target, for Bitcoin, for now at least. What we are saying here is, let’s take this a few small steps at a time. CEO of Brazilian Trading Platform Atlas Quantum, Rodrigo Marques has told Market Watch that he expects Bitcoin to reach $20,000.00 in just 6...

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Bitcoin Should Hit $9,000.00 This Week

WIth a recovery underway, we remain optimistic that finally, we could soon see Bitcoin hit $9,000.00 once more, possibly as soon as this week. Through an analysis of historical figures, we know that after periods of downtime, Bitcoin is well known to shoot up. Markets are driven by emotion, buying behaviour is driven by just that too, so, as Bitcoin prices drop and people buy in, a knock on effect in turn will cause Bitcoin to rise. Though none of this can be guaranteed, a $500.00 or so rise would see Bitcoin hit $9,000.00 quite comfortably. At this point, it...

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