Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens. However, it is important to understand that not all of them will retain their value over time. Looking at Bitcoin’s growth, many novice investors are putting their money into new coins hoping that those will bring them super-profits and haveContinue reading “How to avoid buying Shitcoins”
Author Archives: kiwicrypto
Bitcoin Long Term Direction
Will Bitcoin Surpass $100,000? The post halving market didn’t fail to disappoint as the bull run has been in full swing! Let’s look at where Bitcoin is currently located and where it may head in the long term! What Will it be?After peaking in 2013, it took Bitcoin 1,247 days to reach the same priceContinue reading “Bitcoin Long Term Direction”
One BTC will be worth a Lambo by 2022, and a Bugatti by 2023: Kraken CEO
Amid the threat of dollar debasement, Kraken’s Jesse Powell believes Lamborghinis and Bugattis may be a better measure of Bitcoin’s value in the future. Appearing on Bloomberg, Kraken CEO Jesse Powell explained why he believes dollar-based long-term price predictions for Bitcoin are flawed, emphasizing the inflationary nature of fiat currencies. Responding to a question asking Powell forContinue reading “One BTC will be worth a Lambo by 2022, and a Bugatti by 2023: Kraken CEO”
Tether Is Fully Backed, Assurance Opinion Shows
Legend has it that there cannot be a Bitcoin bull market without an episode of vocal concerns about the state of the world’s largest stable coin Tether (USDT). Earlier this year, accusations resurfaced that USDT was not fully backed, meaning that its issuer Tether allegedly did not hold the equivalent value in U.S. dollars needed to backContinue reading “Tether Is Fully Backed, Assurance Opinion Shows”
PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants
PayPal, which last year added the ability to buy, hold and sell cryptocurrency, is pushing it as a payment method across the 29 million or so online merchants connected to the fintech giant. Announced Tuesday, PayPal’s Checkout will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC) to be seamlessly converted into U.S. dollars or other fiat currencies when making purchases,Continue reading “PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants”
New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation
The KiwiSaver Growth Strategy, a NZ$350 million (US$245 million) retirement fund operated by New Zealand Funds Management, has according to local media allocated 5% of its assets to bitcoin, citing the cryptocurrency’s similarities to gold as one of the biggest reason behind the trade. According to local news outlet Stuff, New Zealand Funds’ chief investment officerContinue reading “New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation”
Tesla Begins Accepting Bitcoin — Elon Musk Says BTC Payments Will Not Be Converted to Fiat Currency
Elon Musk’s electric car company, Tesla, has started accepting bitcoin payments. Musk, whose title is now Techno-King of Tesla, also confirmed that all “Bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.” Tesla Now Accepts Bitcoin Tesla has begun accepting bitcoin payments. Elon Musk, who recently changed his title fromContinue reading “Tesla Begins Accepting Bitcoin — Elon Musk Says BTC Payments Will Not Be Converted to Fiat Currency”
Turks Look for Bitcoin (BTC) As Lira Collapses, BTC Is Now The World’s Third-Largest Currency
Bitcoin (BTC) has time-and-again proved that it is the ultimate savior of the world against the inefficient fiat systems and government agencies. Over the last week, the Turkish Lira plunged another 14% against the U.S. Dollar which resulted in Turks searching for Bitcoin (BTC) in order to protect their wealth. Over the last weekend, GoogleContinue reading “Turks Look for Bitcoin (BTC) As Lira Collapses, BTC Is Now The World’s Third-Largest Currency”
Ethereum Consolidates Above $1,750, Why A Crucial Break is Almost Certain
Ethereum is still consolidating above $1,750 and $1,710 against the US Dollar. ETH price could soon either rally above the $1,850 resistance or dive towards the $1,550 support. Ethereum is holding the key $1,750 and $1,710 support levels. The price is currently trading below $1,800 and the 100 hourly simple moving average. There is aContinue reading “Ethereum Consolidates Above $1,750, Why A Crucial Break is Almost Certain”
What is an NFT?
NFTs are a special class of digital assets that cannot be exchanged with one another for equal value or broken down into smaller values like most currencies. No one NFT is the same as another, they are characterized by their unique qualities, as well as authenticity. The digital tokens often operate as a type ofContinue reading “What is an NFT?”
Why and How to Diversify Cryptocurrency Trading Portfolio
Why is it necessary to diversify an investor’s cryptocurrency trading portfolio? What are the different strategies for a diversified crypto portfolio? Bitcoin is considered to be one of the top-performing assets to date. In the past, Bitcoin has been named as the best performing asset of the decade; beating the traditional financial instruments like gold,Continue reading “Why and How to Diversify Cryptocurrency Trading Portfolio”
How to Minimize Risk in Cryptocurrency Trading
An overview of strategies and tips to mitigate risks in cryptocurrency trading. The cryptocurrency market cap increased from $193 billion in January 2020 to $641 billion in December 2020. The growth represents that the industry grew by more than three times in 2020. Prominent digital assets like Bitcoin attained a growth of 300% while Ethereum gained 450%Continue reading “How to Minimize Risk in Cryptocurrency Trading”
Binance reportedly under CFTC investigation over US-based trading activity
Binance, the world’s largest cryptocurrency exchange by trade volume, is reportedly under investigation by the United States Commodity Futures Trading Commission regarding possible trades made by U.S.-based customers. Binance Holdings Ltd is being investigated by the watchdog concerning possible derivatives trades made by American customers, Bloomberg reported on Friday, after being tipped off by an anonymous source.Continue reading “Binance reportedly under CFTC investigation over US-based trading activity”
Should You HODL or Should you Trade?
What’s the best way to trade crypto? Should you HODL? Should you buy and sell after a few hours? Should you swing trade? Cryptocurrency is one of the best assets for momentum traders. It is liquid, it has range, and provides clean trends consistently. The truth is there is no one-size-fits-all strategy for crypto investing.Continue reading “Should You HODL or Should you Trade?”
Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin and believes that institutional investors are willing to hold through price fluctuations.Continue reading “Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio”
Top 10 Cryptocurrency Traders to Follow on Twitter in 2021
For all those trading cryptocurrencies, Twitter is by far the best venue to find all the latest about the market. Experienced Crypto-Twitter (CT) users know that you can find all the relevant updates about your favorite coin with one click. You only need to search for the ticker of the specific coin plus the “$”,Continue reading “Top 10 Cryptocurrency Traders to Follow on Twitter in 2021”
3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction
Bitcoin recovered quickly from $44,800 to over $50,000 in under 22 hours and here are three key reasons why The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours. Behind the rapid recovery are three major factors, including low funding rates, Square’s $170 million Bitcoin purchase, and the spot marketContinue reading “3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction”
Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase
In what is yet another development that highlights the value attached to cryptocurrencies by institutions, Square Inc. announced today that it has purchased another $170 million worth of Bitcoin, taking its total cash equivalents in the digital asset to five percent. “Why are we doing this? We believe the Internet needs a native currency and we believe Bitcoin isContinue reading “Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase”
If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates
Bitcoin, which reached an all-time high of $58,640 was trading at $45,078, after registering a 15% dip in price in the last 24 hours- (3PM 23-FEB-2021). The downward swing has had many speculating whether Elon Musk, who reignited mainstream interest in the asset, could have influenced markets, through his tweets. However, Philanthropist, Bill Gates thinks that while Musk is immuneContinue reading “If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates”
Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst
While the Bitcoin investment is a side show for Tesla, it has clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies. Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been aroundContinue reading “Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst”
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