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Bitcoin Proves Itself At $9,000.00 In Market Decline

Yesterday we saw Bitcoin come very close to dropping below $9,000.00 for the first time since the start of May, another $50.00 or so loss would have carried Bitcoin under the threshold. However, Bitcoin remained resilient during the brief market depression and has made solid tracks since on a recovery back up towards $9,500.00. This is very important for Bitcoin, $9,000.00 offers some resistance and therefore, a move below that threshold may knock some of Bitcoins confidence out, ensuring that going forward, it might indeed struggle to breach this point in the future. In the long run, we want to...

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There Will Be A Global Cryptocurrency, But It Won’t Be Bitcoin, Experts Warn

A former adviser to Donald Trump has said that a global currency is definitely needed, but that it will not be Bitcoin. This is because of technological complications, that mean Bitcoin is limited; however, he believes that the technology that powers it could be incredibly important. Gary Cohn, who is the former chief economic adviser for Trump voiced his opinions during an interview, where he said that the underlying technology was far more interesting than the virtual currency itself. Bitcoin was the first cryptocurrency to make use of blockchain technology, so as time has gone on, and more cryptocurrencies have...

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Is Holding Bitcoin REALLY Worth It?

This is probably the most controversial topic, is Bitcoin worth holding? I get tonnes of questions asking how my ‘Bitcoin’ investments are going, and the truth is that I do not hold any Bitcoin (for a long period of time) and will likely never hold a significant amount. This article will explain both sides to holding Bitcoin, the short answer is it depends on both your risk tolerance and your ability to be active within the market. To begin, let’s look at Bitcoin’s performance compared to the following 6 Altcoins in the 2017 Q4 BULL market. Cryptocurrency Price on 1st...

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Bitcoin (BTC) On The Verge Of A Breakout To $11,700

Bitcoin (BTC) is currently trading around $9,200 having just broken out of the falling wedge on the 1H Chart for BTC/USD.  This is a strong bullish indicator and presents favorable buying opportunities. The price action signals a breakout to $11,700 at which point we will see some resistance. It is unlikely that Bitcoin (BTC) will break that resistance to move straight past $12,000 towards new highs. A few more weeks of accumulation seem to be ahead of us and Bitcoin (BTC) will likely bounce off the resistance at $11,700 to retest lower levels. However, as before accumulation will be swift...

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We Need A Simpler Bitcoin, Here’s Why

We know that cryptocurrency is complex, right? I imagine the majority of cryptocurrency traders and investors would consider themselves to be ‘tech savvy’. I guess the majority will have a smart phone, maybe even a smart watch, in fact, I’d even go as far as suggesting that I bet a lot of cryptocurrency investors also have Amazon Alexa’s and Google Home devices, at home. Not that this is a bad thing, I just think that in order to do well in this industry, you need to have a deep understanding of some quite complex technical details, details that will seem...

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