Tag: Bitcoin

Facebook’s Global Coin Is A Threat to Bitcoin Cash, BCH Down 3.7%

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BCH down 3.7 percent Facebook’s Global coin will disrupt public chains like Bitcoin cash Because of Facebook’s broad base and active users exceeding 2 billion, the Global coin is an existential threat to Bitcoin Cash. Currently, BCH is consolidating against the USD, down 3.7 percent. Bitcoin Cash Price Analysis Fundamentals Perhaps, for the neutral, Bitcoin Cash is indeed what Bitcoin failed to be. That is Cash. According to Bitcoin’s whitepaper, the peer-to-peer cash system was, first of all, supposed to be a medium of exchange. However, grappled with scalability concerns…

Bitcoin Price Drop Puts a Dent in Short-Term Bullish Outlook

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View Bitcoin’s drop to six-day lows below $3,700 has taken the shine off the bullish “long-tailed doji” created on Feb. 27. A bearish reversal would be confirmed if prices see a UTC close below $3,658 (low of long-tailed doji) and could yield a sell-off to recent lows near $3,300. A bearish move below $3,658, however, may not happen or could be short-lived, as a number of technical indicators on the weekly chart are flashing early signs of bullish reversal. On the higher side, a break above $3,897 – high of…

The Metric That Helps Call Bitcoin Bubbles and Bottoms

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  Calling precise market tops and bottoms is next to impossible in the volatile cryptocurrency markets. That said, some traders believe identifying speculative bubbles and moments of bearish exhaustion can be made possible through the use of a fairly new metric known as the Mayer Multiple. Created by noted investor and podcast host Trace Mayer, the Mayer Multiple is defined as “the multiple of the current bitcoin price over the 200-day moving average.” Mayer Multiple Formula: Bitcoin market price / 200 day MA value = Mayer Multiple In technical analysis, it’s…

More Regulations Will Help Legitimize Digital Currencies | CNBC

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Bitcoin expert

So just taking a look at the returns we’ve seen in Bitcoin over the last couple of years versus the equity markets that Don just pointed out. James I know one of the things you are saying here in your note that a long-term investor should buy all of these dips as part of their portfolio and just never look at them again. Bitcoin is not a penny stock it’s not something you buy one day and sell the next day for little gains, you have to be a long-term…

Dark Overlord | Hacker Group Demands Bitcoin or 9/11 “Truth” Comes Out

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“We’ll be providing many answers about 9/11 conspiracies through our 18,000 secret documents leak.” The group has already published a “teaser” that names law firms and gives out email addresses. It also mentions the Transport Security Administration and the Federal Aviation Administration, with promises of more to come. Those targeted are expected to pay an unspecified Bitcoin ransom. If they don’t pay up, the group claims “we’re going to bury you with this.” The Dark Overlord The Dark Overlord is a “professional adversarial threat group” that has struck many times before. The hacker group has previously hacked…