david ogden

Watch out for a correction in bitcoin after a parabolic rise

December J, 2017
Market Hive
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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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Analyst who predicted bitcoin’s rise now sees it hitting $300,000-$400,000

December J, 2017
Market Hive
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Analyst who predicted bitcoin's rise now sees it hitting $300,000-$400,000 Ronnie Moas in July put a $5,000 price target on bitcoin when it was at $2,600 The founder of Standpoint Research now sees the cryptocurrency rising by another 500 percent Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas. "Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another…

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

December J, 2017
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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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A bubble? We don’t even know how to value Bitcoin

December J, 2017
Market Hive
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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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Bitcoin futures suggest breakneck rise in price to slow

December J, 2017
Market Hive
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Bitcoin futures suggest breakneck rise in price to slow NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market. Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange. The one-month…

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Bitcoin cracks $9,600 just hours after breaking $9,000 level

November J, 2017
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Bitcoin cracks $9,600 just hours after breaking $9,000 level Bitcoin surged to yet another new record high on Monday The cryptocurrency jumped to an all-time high of $9,671.84 hours after cracking the $9,400 level on Sunday The digital currency has risen some 869 percent year-to-date Bitcoin surged to yet another new record high on Monday, breaking a record set during the Thanksgiving weekend stateside. The cryptocurrency jumped to an all-time high of $9,671.84 hours after cracking the $9,400 level on…

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Rise of Bitcoins causes stir but questions linger

November J, 2017
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Rise of Bitcoins causes stir but questions linger Anthony Mburu and his fiancée Elizabeth John who recently attracted curiosity when he paid part of his dowry using Bitcoins, a form of digital currency, in Naivasha Kenya,considers himself a non-conformist. Having quit university in 2010 after just one semester of his engineering course, 26-year-old Anthony Mburu does not fancy formal education, for instance. “Formal education is good. It will give you an average life. You’ll eat, have your mortgage, car loan…

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Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble

August J, 2017
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Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble The Technology Behind Cryptocurrencies   The creation of Bitcoin back in 2008 fueled the exponential growth of the cryptocurrency ecosystem, facilitating the creation of a rich diversity of coins and applications that many would deem revolutionary. Those who invested in cheap coins at the outset are reaping huge returns on their capitals, dwarfing the average returns one can acquire in the stock markets. Think about it; if you had bought…

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The crypto-currency craze

July J, 2017
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The crypto-currency craze   In the late 1990s, as investors woke up to the promise of the internet, shares in any company with dot.com after its name soared to giddy heights. Then the bubble burst. Now there are warnings of another technology investment bubble – this time related to the fascination with crypto-currencies such as Bitcoin. On the Tech Tent podcast this week, we examine the phenomenon of ICOs – Initial Coin Offerings – which have seen over $1bn raised…

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Russia is looking to regulate bitcoin but still doesn’t see it as a currency

June J, 2017
Market Hive
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Russia is looking to regulate bitcoin but still doesn’t see it as a currency Russia is exploring ways to regulate bitcoin, the country's central bank governor has told CNBC, but sees "doubts" over the benefits of the cryptocurrency and even questions whether it should be considered a virtual currency at all. In an interview with CNBC, Elvira Nabiullina, governor of the Russian Central Bank, explained that she views bitcoin as a digital asset rather than a currency, and this is…

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