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”
Category Archives: Opinion
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”
The rise of Dogecoin shows us how memes can move markets
One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies. And the past week has complicated this further. For many cryptocurrency investors, the value of Bitcoin is based on the fact it is artificially scarce. A hard cap on “minting” new coins means there will onlyContinue reading “The rise of Dogecoin shows us how memes can move markets”
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