Tuur Demeester is an economist and investor. The following article references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for that. Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the bitcoin price due to sluggish retail demand, hesitation from institutions and a current market cap that seems too high relative to the activity occurring on available blockchains. Many investors and advisors are on record stating that $5,700 was the bottom in bitcoin for this year, and that higher […]
THE PRICE chart at CoinDesk, a cryptocurrency news site, begins on July 18th 2010, when a bitcoin could be had for $0.09. By November 2013 it had reached $1,124. In the summer of 2017 it started to take off, reaching over $19,000 in December. By end-March 2018 it was back down below $7,000 and in late August it was hovering between $6,400 and $6,500 (see chart). That has made a few people very rich (just 100 accounts own 19% of all existing bitcoin), encouraged others to play for quick gains and left some nursing substantial losses. Bitcoin was never meant […]
The weekend is offering some respite for Bitcoin investors. This content was originally published here.
Having a television that can double up as a mining rig seems like something out of a sci-fi flick. But Bitcoin Mining Giant, Canaan, has pulled this off and is offering its consumers a personal mining rig in the comfort of their homes. First Computers, Then Smartphones, Now Television Bitcoin Mining World’s second largest manufacturer of Bitcoin mining rigs, Canaan Creative, is setting new records as it unveils the world’s first Bitcoin mining television. The tv, called AvalonMiner Inside, is equipped with a built-in Bitcoin mining chip, with Android compatibility for mobile control. AvalonMiner Inside has a processing power of […]
Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency.
The U.S. Federal Trade Commission warns consumers about blackmailing scams involving Bitcoin. This content was originally published here.
Bitcoin logo is seen on a mobile phone. (Photo by Omar Marques/SOPA Images/LightRocket via Getty Images) Bitcoin and other major cryptocurrencies could have turned a corner after a bruising nine months that has seen bitcoin lose some 60% of its value, while the likes of ethereum, ripple, bitcoin cash, EOS, and litecoin have seen even bigger declines. That's the opinion of former macro hedge fund manager Michael Novogratz, who has said the bitcoin price sell-off has hit its bottom and that many major cryptocurrencies are about to bounce back. Speaking at Yahoo Finance’s second annual All Markets Summit in New York yesterday Novogratz pointed to [...]
In the digital currency space, it’s common for many coins and tokens to move in similar patterns. When bitcoin (BTC), the largest by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it’s likely that other players in the space will drop at the same time. In recent weeks, as many cryptocurrencies have fallen even further in what has already been a tough year so far, this pattern has held. However, as a report by Zycrypto.com indicates, something interesting has been happening: and other altcoins have been hit harder than bitcoin, overall. […]