Process of Elimination

Becoming a trader is not a journey for the faint of heart. Becoming a successful trader is ultimately an act of determination. Not unlike the character of the John Wick trilogy (Quadrology? Pentology?), we traders have to be “a man of focus, commitment, sheer will.” We have to get up early, stay up late, follow a routine, backContinue reading “Process of Elimination”

We are all growing tired and annoyed of Musk’s tweets…

Bitcoin holders throughout the world will begin to ignore Elon Musk’s incessant tweets, and the Tesla chief’s influence will have no bearing on the market. That’s the view of an industry leader who is one of a growing army of people involved in cryptocurrency becoming tired of the South African’s constant up-and-down relationship with Bitcoin.Continue reading “We are all growing tired and annoyed of Musk’s tweets…”

Is Bitcoin really bad for the Environment?

A halo of myths has formed around bitcoin mining and its energy usage, forcing even the most experienced crypto enthusiasts to doubt its efficiency and environmental footprint. Bitcoin is currently being bombarded by numerous attacks and criticisms from eco-activists and Wall Street executives alike. According to these myths, bitcoin mining causes serious harm to theContinue reading “Is Bitcoin really bad for the Environment?”

Buy the Dip

Psychologically speaking, we haven’t see Bitcoin or Ethereum return to their previous trading range (+60k for BTC and +4K USD for ETH), and it could still be several weeks until they return to those prices. Buying the dip means buying and HOLDING (hodl) the coins you bought at those lower prices, expecting the prices to reboundContinue reading “Buy the Dip”

‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector

 A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. Chinese Government Report Mentions Bitcoin Mining,Continue reading “‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector”

Bitcoin’s Latest Crash: Not the First, Not the Last

While bitcoin has been one of the world’s best performing assets over the past 10 years, the cryptocurrency has had its fair share of volatility and price corrections. Using data from CoinMarketCap, this graphic looks at bitcoin’s historical price corrections from all-time highs. With bitcoin already down ~15% from its all-time high, Elon Musk’s tweet announcing Tesla wouldContinue reading “Bitcoin’s Latest Crash: Not the First, Not the Last”

Mark Cuban: Crypto prices increasingly reflect “real demand”

In a Twitter thread today, billionaire investor Mark Cuban weighed in on the current state and the future of blockchain technology and investment, ultimately concluding that while there are real obstacles to adoption asset prices are increasingly reflective of real “utility” and “demand,” and that the day will eventually come when crypto is “mature toContinue reading “Mark Cuban: Crypto prices increasingly reflect “real demand””

Stay Disciplined in Volatile Crypto Markets

Tools and tricks to keep a cool head and make the right choices in volatile cryptocurrency markets. Cryptocurrency markets are relatively volatile when compared to other financial markets. The sudden rise and fall of cryptocurrency prices accompanied by a greater percentage of change is common in the market. This tends to be a risky investmentContinue reading “Stay Disciplined in Volatile Crypto Markets”

Elon Musk on Saturday Night Live Spurs Dogecoin Watch Parties

The late-night comedy show has become a potentially market-moving event for the joke cryptocurrency on a wild ride. They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time someone says “doge.” Dogecoin traders around the world are organizing watch parties for Elon Musk’s appearance this weekend on “Saturday Night Live,” withContinue reading “Elon Musk on Saturday Night Live Spurs Dogecoin Watch Parties”

Is the Bitcoin Correction Over?…We think so!

Bitcoin may not be “mooning,” but the correction is DEFINITELY OVER!Don’t believe us? Here are just a few metrics to consider… 1) First off, this chart from Glassnode shows us the futures funding rate. See that red column? That is a negative funding rate, which means that short sellers are no longer making profit holdingContinue reading “Is the Bitcoin Correction Over?…We think so!”

Bitcoin Becomes the ‘Google’ of Crypto

Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 18, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. WhatContinue reading “Bitcoin Becomes the ‘Google’ of Crypto”

Dogecoin Maybe Worth More Than $1

Bookies Have Grown More Confident in Bitcoin and Dogecoin Following Surge-filled Week Q1 2021 hedge fund letters, conferences and more. Copenhagen – April 18, 2021 – Dogecoin currently has 5/1 odds to be worth more than $1 at the end of 2021 The odds of Dogecoin hitting the landmark value of one dollar have fallenContinue reading “Dogecoin Maybe Worth More Than $1”

How to avoid buying Shitcoins

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”

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”

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?”

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”