bitcoin

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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Trade in bitcoins at your own risk, finance ministry warns users

Trade in bitcoins at your own risk, finance ministry warns users The recent Bitcoin surge has triggered a ponzi scheme fear,in India, forcing the finance ministry to flag it on Friday. "VCs (virtual currencies) such as bitcoins don't have any intrinsic value and are not backed by any kind of assets. The price of bitcoin and other VCs therefore is entirely a matter of mere speculation resulting in spurt and volatility in their prices," the ministry said in a statement.…

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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 could hit $60,000 in 2018 but another crash is coming, says startup exec

Bitcoin could hit $60,000 in 2018 but another crash is coming, says startup exec Cryptocurrency entrepreneur Julian Hosp sees a "very, very healthy" chance to buy while the price is lower No "crypto winter" is coming right now, Hosp predicts, but the market should see consolidation in coins in a year or two out Cryptocurrency entrepreneur Julian Hosp says bitcoin's rapid rise isn't over yet. But there's a catch. "I think we're going to see bitcoin hitting the $60,000 dollar…

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What Comes After the Futures – The Next Chapter for Bitcoin

What Comes After the Futures – The Next Chapter for Bitcoin A Coindesk 2017 Review On the ninth anniversary of Satoshi Nakamoto's white paper, one of the world's most respected derivatives providers, the CME Group, announced it would launch a regulated bitcoin futures market. Not to be understated, this was a pivotal moment in bitcoin's history, and quite simply, the future has never been brighter. It's safe to say that 2017 has been a remarkable year. Almost every single metric…

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Bitcoin slump sees trades suspended on certain exchanges

Bitcoin slump sees trades suspended on certain exchanges Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (£15,000). The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000. Amid the swings, three Bitcoin-related exchanges suspended certain trades. Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year…

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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’s Smaller Cousins Are Leading the Crypto Rally

Bitcoin’s Smaller Cousins Are Leading the Crypto Rally Bitcoin’s smaller cousins are outpacing the largest cryptocurrency’s gains since major U.S. exchanges started offering futures. The biggest gainers among digital assets with at least $1 billion of market capitalization in the past seven days are so-called alternative coins Verge, Tron, Qtum and Cardano, soaring at least 300 percent. Despite some wild price swings, bitcoin’s price is mostly flat since Cboe Group Markets Inc. and CME Group Inc. made the derivatives available…

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Bitcoin Cash makes waves as it becomes available on Coinbase – and then halts trading

Bitcoin Cash makes waves as it becomes available on Coinbase – and then halts trading Bitcoin Cash, a fork of the more popular cryptocurrency that was created in August, is now fully supported on Coinbase’s exchange, so you can buy and sell the currency there – just not immediately. Abbreviated as BCH, the currency showed Cash prices at roughly $8,500, or nearly three times higher than the value it commands on other exchanges (Coinmarketcap has it at $3,381 at the…

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Watch out for a correction in bitcoin after a parabolic rise

Watch out for a correction in bitcoin after a parabolic rise Cryptocurrencies are suitable for short-term trading Bitcoin futures have limits on expiry The bitcoin trend shows room for a 50% correction Bitcoin trading, and the capital allocated to it, remains a very small part of the multi-trillion dollar equity markets. It is an even smaller part of the much, much larger derivatives market. The key problem with bitcoin and other cryptocurrencies is that they are fiat currencies in the…

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