david ogden

Tim Draper Predicts Bitcoin price to hit $250,000 in 4 years

Tim Draper Predicts Bitcoin price to hit $250,000 in 4 years According to Bitcoin bull Tim Draper, cryptocurrency could reach $250,000 in four years.   Tim Draper, the founder of Draper Fisher Jurvetson, wrote on Twitter about this on: He also mentioned that earlier he tweeted a prediction about mistakenly posting $25k instead of $250k. The investor, who commenced investments in Skype, Tesla, Twitter, and SpaceX, is known to have bought Bitcoin worth $30,000 from the U.S. government in 2014.…

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Your bank will not allow you to buy bitcoins anymore

Your bank will not allow you to buy bitcoins anymore You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as the Reserve Bank of India (RBI) has banned them with immediate effect from "dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies". RBI, while announcing its first bi-monthly monetary policy for the FY 2018-19, has announced that any entity regulated by them such as banks,…

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Looking Ahead To $20,000 Bitcoin

Looking Ahead To $20,000 Bitcoin In last week’s Investor Alert, our investment team shared with you a report from Morgan Stanley that says Bitcoin’s price decline since December mimics the Nasdaq tech bubble in the late 1990s. This isn’t earth-shattering news in and of itself. The main difference is that the bitcoin rout happened at 15 times the rate as the tech bubble. Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is “nothing out…

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Bitcoin Price Technical Analysis for 23rd Mar 2018 – Another Reversal Pattern

Bitcoin Price Technical Analysis for 03/23/2018 – Another Reversal Pattern Bitcoin Price Key Highlights   Bitcoin price failed to break past the $9,000 level after news of a potential shutdown of Binance in Japan broke out. However, bitcoin price could still form an inverse head and shoulders pattern, which is a potent reversal signal. Technical indicators are showing that bullish momentum could stay in play. Bitcoin price sold off recently but could form a short-term reversal pattern on its 1-hour…

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Bitcoin Price Breaks $9,000, Does Not Stay For Long

Bitcoin Price Breaks $9,000, Does Not Stay For Long March 20: the Bitcoin (BTC) price broke the $9,000 mark today after a rough start to the year in which the price decreased by nearly 70 percent from the December high of $20,000. Following the December high the BTC price has moved downward in fits and starts. On January 17, BTC price was down to $9,724, less than half of where it had been a month previously when it scraped the…

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Bitcoin Following Nasdaq Path but 15 Times Faster

Bitcoin Following Nasdaq Path but 15 Times Faster Morgan Stanley put out a note to its clients on Monday the 19th breaking down Bitcoin trading in comparison to the Nasdaq during the dot-com crash 20 years ago. Bitcoin Similar to Dot-Coms Through Bear Markets According to the report, Bitcoin is behaving very similar to the way the Nasdaq did in 2000. There is parity in the pattern of price declines and the rally of 250 -280 percent “in their most…

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Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies

Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies The G20’s announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing Bitcoin surge by $1000.   No New Regulations The anticipation of what new regulations might come of the G20 meeting this week in Buenos Aires added to a rocky cryptocurrency market over the past week but the news as reported by Reuters is…

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Bitcoin analysis – How low can it go?

Bitcoin Price Analysis – How Low Can It Go? Bitcoin is showing more bearish momentum so it's time to look at the next downside targets. Bitcoin looks ready for more losses as price gained downside traction after its break below a double top neckline. Applying the Fibonacci extension tool on the latest correction shows the potential targets. Price is currently sitting on the 38.2% extension near the $8000 level at the moment, and a break lower could take it to…

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Japan’s Third-Largest Electric Provider Is Testing Bitcoin On Lightning

Japan's Third-Largest Electric Provider Is Testing Bitcoin On Lightning Japan's third-largest electricity provider is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. Revealed exclusively to CoinDesk, Chubu Electric Power Co. has entered into a proof-of-concept with local bitcoin and Internet of Things (IoT) startup Nayuta, one that finds it exploring how bitcoin payments can be made via the Lightning Network, an in-development protocol that promises to cut costs for bitcoin…

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Bitcoin Is Melting, Again

Bitcoin Is Melting, Again Summary After an unsuccessful attempt at the $12,000 resistance level, Bitcoin is melting down once again, slumping by 30% in just a few days. A few distinct developments caused the recent selloff to intensify. People seem to be "Bitcoined out" a bit at the moment, which could cause the price to stay below $10K for some time. It's not all bad news, but in the short term it could get painful for Bitcoin and the rest…

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