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Bitcoin

BITCOIN PRICE PARES SOME LOSES, BUT IS THE CAT DEAD?

QUICK TO RECOVER Bitcoin price $6340.43 +0.26% saw gains nearing three percent in less than an hour, quickly recovering from yesterday’s decline. The price surged over $200 in a matter of minutes after some sideways (in)action. Nevertheless, the first and foremost digital currency is still down about 15 percent in the last four …

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Bitcoin

WHY BITCOIN ISN’T THE ‘SWINDLE OF THE CENTURY’

BITCOIN ISN’T BS Writing for the Entrepreneur, Richard Van Staten, the CEO of a company called “Quantum Solutions,” referred to Bitcoin $6349.90 +0.5% as the “swindle of the century,” and said the cryptocurrency was “BS.” A strong argument could be made that the housing bubble of 2008 is the swindle of the century. For …

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Bitcoin

Bitcoin (BTC) Price Analysis: 6 TIMES—The Number of Times Bitcoin Has Retested $6,000 in the last Three Months

From a top down approach, it’s clear that sellers are in charge as BTC is down a massive 11 percent thanks to Sep 5 selling spree. Regardless, there is optimism for cryptocurrencies and Bitcoin in particular stemming mainly from bullish fundamental developments. This divergence means there is potential for BTC …

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Bitcoin

Bitcoin A Global Currency? That’s A Myth

Bitcoin isn’t a global currency ready to replace national currencies, including the mighty dollar. That’s a myth. At least, that’s the message from the recent emerging market currency crisis. The digital currency is crashing in tandem with emerging market currencies rather than rallying, as Bitcoin investors would have expected. The …

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Bitcoin

Is Now A Good Time To Buy Bitcoin?

Bitcoin prices have taken a beating lately, falling sharply over the last several months and dropping more than 15% in the space of 48 hours. After suffering these declines, the digital currency is trading close to $6,450, according to the CoinDesk Bitcoin Price Index (BPI). At this point, bitcoin is down more than 66% from its peak …

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Bitcoin

After Suffering Sharp Declines, Are Bitcoin Prices Treading Water?

Bitcoin prices experienced some notable losses earlier this week, dropping more than 15% in less than 48 hours. Following these declines, the digital currency has been trading within a reasonably tight range between $6,300 and $6,600, according to the CoinDesk Bitcoin Price Index (BPI). At this point, are bitcoin prices treading water, simply …

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News

Bitcoin Is Not Dead

The sense of urgency is everywhere I look. Bitcoin is dying, and it’s time get a new job. The warnings are stark. Bitcoin’s price has lost 70% since its $20,000 peak last year, the Securities and Exchange Commission has rejected every bitcoin ETF it’s seen so far and Goldman Sachs …

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Bitcoin

Bullish trend pushes BTC up – is this the recovery bitcoin needed?

In the face of several regulatory setbacks for Bitcoin this week, BTCC co-founder Bobby Lee and Fundstrat Global Advisors’ Tom Lee both went on record in recent days to forecast a turnaround in the fortunes of the largest cryptocurrency. “When (Bitcoin) passes the USD $60,000 price level in the coming …

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Bitcoin

Could Bitcoin Fall To $4,000 In The Coming Weeks?

Bitcoin prices have repeatedly suffered weakness over the last several months, and recently, a Bloomberg analyst predicted that the digital currency could fall to as little as $4,000. “Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF,” Bloomberg Intelligence analyst Mike McGlone stated during a …

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Bitcoin

Meet Federico Tenga: The guy who teaches North Koreans about Bitcoin

Despite being the most hermetic country on Earth, North Korea is certainly no stranger to cyberspace—in both its uses and abuses. Despite a tiny local internet user base and just a few dozen local websites, cybercrime in the Democratic People’s Republic of Korea (DPRK) is estimated to be a multi-billion …

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Bitcoin

Is Bitcoin Still A Safe-Haven Asset?

Is Bitcoin still appealing during times of distress? Shutterstock Recently, the global asset markets have been roiled by concerns that the United States and China may soon enter a trade war. While some assets have responded in a predictable fashion – with stocks losing value and gold enjoying gains – …

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Bitcoin

Bitcoin Is Not Out Of The Woods Yet

Bitcoin prices have had a rough week, but things may get better before they get worse. The world’s largest digital currency has fallen close to 20% over the last seven days, pushing lower as they struggle with several bearish factors. At the time of report, Bitcoin was trading at roughly $8,800, after …

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Bitcoin

Beware Fintech Firms Bearing Bitcoin

Fintech startups have long had trouble turning feel-good rhetoric into profitable growth. Competition is intense, consumers tend to want things for free, and dinosaur banks are far from extinct. To make matters worse, finance just isn’t as addictive as messaging or catching up with friends. That counts in an era …

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Bitcoin

North Korea may have made as much as $200 million from Bitcoin, according to expert

north Korea may have raked in more than $200 million in digital cryptocurrency transactions last year, diluting the impact of stiff international sanctions over its nuclear and missiles programme. The huge haul of an estimated 11,000 Bitcoins was revealed by Priscilla Moriuchi, a former US National Security Agency officer, in …

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Bitcoin

Two Bullish Signs For Bitcoin

After a prolonged correction, Bitcoin is back big time. The “people’s currency” gained close to 7% this week, stabilizing around the $11,000 mark. Is this comeback for real? Hard to say, as there are hardly any “fundamentals” to judge whether Bitcoin is undervalued or overvalued at these levels. Still, there …

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Bitcoin

Litecoin vs Bitcoin: Comparing Two of The Most Popular Cryptocurrencies

Litecoin vs Bitcoin Litecoin vs Bitcoin. Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes …

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Bitcoin

Bitcoin: A Definitive Guide

There has been a lot of drama around Bitcoin and cryptocurrency in the last year, with its recent rise and seemingly fatal fall making headlines in the months of late. Is hope truly lost for Bitcoin and its proponents? Maybe not. In order to better understand the specifics—What is Bitcoin? How is …

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Bitcoin

Building a Base? Bitcoin Demand at $10K Hints at Move Higher

Persistent demand around the $10,000 mark appears to have not only neutralized the immediate bearish outlook on bitcoin, but also hints the cryptocurrency could be building a base for an eventual move higher. Prices on CoinDesk’s Bitcoin Price Index (BPI) fell to $9,972.29 yesterday, before witnessing a quick recovery to $11,000 levels. …

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