bitclub network

Bitcoin rises 10% on Peter Thiel fund’s likely holding; may revisit December high

Bitcoin rises 10% on Peter Thiel fund’s likely holding; may revisit December high Bitcoin prices advanced over 10 per cent in two trading sessions after The Wall Street Journal reported Peter Thiel's Founders Fund has amassed hundreds of millions of dollars of the volatile cryptocurrency. The report further said that the fund bought $15 to $20 million worth of the cryptocurrency and multiplied the principal investment by over 5 times. Bitcoin jumped to $14,951 on January 3 from $13,354 on…

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Record-breaking 2017 Brought Bitcoin, Altcoins Drastically Increased Mainstream Acceptanc

Record-breaking 2017 Brought Bitcoin, Altcoins Drastically Increased Mainstream Acceptance As non-profit cryptocurrency research institution CoinCenter’s Neeraj K. Agrawal wrote, 2017 was the year in which Bitcoin and cryptocurrencies went mainstream. Wall Street Numerous major financial institutions have integrated support for Bitcoin, with elite investment banks like Goldman Sachs contemplating the creation of Bitcoin trading desks in 2018. The Chicago Board Options Exchange (Cboe) and CME Group, the two largest futures exchanges in the world, successfully launched Bitcoin futures trading last…

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Bitcoin Alternatives – Ethereum Vs Litecoin Vs Verge Vs Ripple Vs Zcash

Bitcoin Alternatives – Ethereum Vs Litecoin Vs Verge Vs Ripple Vs Zcash After bitcoin, ripple is one of the largest cryptocurrencies by market capitalization The bitcoin prices may have stabilized but, they still hover around $13,000, a price far too high for a lot of potential investors. The exorbitant price of bitcoins dissuaded hundreds of thousands of potential investors who missed the 2017 rally. The bitcoin prices had jumped in the last month of 2017 in run up to the…

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Bitcoin is passé: these are the cryptocurrencies to look at in 2018

Bitcoin is passé: these are the cryptocurrencies to look at in 2018 Bitcoin had a monumental 2017, with its price rising by more than 1,400pc over the past year. However, it was far from the best-performing cryptocurrency. Of the 10 most important digital currencies by total value at the time of writing, six have been around for more than a year. All six have experienced price rises that eclipse Bitcoin, ranging from 2,870pc for Monero to 31,560pc for NEM. As…

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Bitcoin Price Technical Analysis for 12/27/2017 – Rebound Underway?

Bitcoin Price Technical Analysis for 12/27/2017 – Rebound Underway? Bitcoin price is slowly starting to trend higher once more, possibly rebounding from the slide in the previous week. Bitcoin Price Key Highlights Bitcoin price appears to be recovering from its pre-Christmas slump, forming higher highs and higher lows again. Price is trading inside an ascending channel pattern and is currently testing the resistance. A pullback to support could be due and using the Fib retracement tool shows the potential inflection…

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Bitcoin Price Technical Analysis for 12/22/2017 – Bears Settling In

Bitcoin Price Technical Analysis for 12/22/2017 – Bears Settling In Bitcoin price is trending lower on its 1-hour time frame and might be due for a pullback to the area of interest at $16,000. Bitcoin Price Key Highlights Bitcoin price continues to trend lower and has just dipped below the $13,500 mark. Price seems to be drawing some support from this area, though, probably making its way up for a correction. Applying the Fib retracement tool shows the nearby inflection…

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Bitcoin Price Weekly Analysis – BTC/USD Upside Drift Above $20,000

Bitcoin Price Weekly Analysis – BTC/USD Upside Drift Above $20,000 Bitcoin price is surging higher towards $20,000 against the US Dollar. BTC/USD might soon break the $20k level and gain further traction in the near term. Key Points Bitcoin price is gaining pace once again and is currently trading above $18,000 against the US Dollar. There is a monster bullish trend line forming with support at $17,000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is…

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Tax dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under

Tax Dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under.   The indirect tax department has launched an investigation into Bitcoin exchanges operating in India to ascertain at what rate they can be taxed under the goods and services tax (GST) regime, two people with direct knowledge of the matter said. The development comes as the income tax department launched searches on top Bitcoin exchanges including Zebpay, Unocoin and CoinSecure on Wednesday. According to the…

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Bitcoin buyers should be prepared to lose all their money, top UK regulator warns

Bitcoin buyers should be prepared to lose all their money, top UK regulator warns Andrew Bailey, chief executive of the Financial Conduct Authority, told BBC's "Newsnight" on Thursday, "If you want to invest in bitcoin, be prepared to lose all your money" Bitcoin's meteoric price rise has stunned critics and enthusiasts alike, leaving investors scrambling to understand the driving factors for the digital currency's runaway rally Bitcoin traded at $17,159 on Friday morning, according to CoinDesk's bitcoin price index Bitcoin…

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A bubble? We don’t even know how to value Bitcoin

A bubble? We don’t even know how to value Bitcoin Bitcoin is a “speculative mania” according to the governor of the Reserve Bank of Australia. But it’s not so easy to say that Bitcoin is a bubble – we don’t know how to value it. Recent price rises (close to $18,000 in the past three months) may be too great and can’t continue. But the Bitcoin market is only just maturing as an investment and as a currency, and so…

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