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Bitcoin

Big Predictions for 2019: Bitcoin Heading for New All Time High

Price predictions for Bitcoin and cryptocurrencies can always be met with some degree of skepticism. A market correction was expected last year but very few predicted that Bitcoin would lose over 80% in 2018. Weiss Ratings has just released their predictions for the coming year and they are extremely bullish. …

Bitcoin

Lenders are thriving on the bitcoin bust

As a growing number of cryptocurrency ventures struggle for funding, cut staff or shut down, all is well in one small corner of the industry: lending. Creditors focusing on the crypto arena say they’re finding strong demand from borrowers who don’t want to sell their virtual coins at depressed prices, …

Bitcoin

Bitcoin Month Forecast – January 2019

Crypto markets expressed a relatively solid performance during the month of December 2018 when compared to price action from earlier months. Price action in December has high affinity to fundamental and technical analysis and was in line with market analysis forecasts when compared to previous months which saw crypto currencies …

Bitcoin

4 KEY BITCOIN DATES TO WATCH FOR IN 2019

2019: THE YEAR WALL STREET EMBRACES BITCOIN? Throughout 2018, the fall in Bitcoin (and other cryptocurrencies) prices dominated the news circuit. However, despite the nearly 80 percent peak-to-trough slide for BTC, some positive developments emerged in the industry. When the CME and CBOE BTC futures came online in late 2017, …

Bitcoin

Bitcoin Bull Novogratz Doubles Down On Crypto, Now Owns 80% Of Galaxy Digital

Bitcoin Bull Novogratz Nows Owns 80% Of His Crypto Firm Mike Novogratz, formerly of Fortress Financial, went all-in on crypto following his stint at Wall Street giant Fortress Investments. After retiring from the investment group in 2015, rumor has it that he went on a personal journey, finding Bitcoin (BTC) …

Bitcoin

What’s Ahead for Bitcoin and Other Cryptocurrency Regulation in 2019

While 2017 was hailed as one of the most impressive bull markets in cryptocurrencies’ short history, 2018 saw the proverbial rocket ship come back to earth. The year was partly defined by the increasing scrutiny by regulators of the crypto and blockchain industries. Institutional entities both private and public have …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 – …

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 …

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 …