serious wealth

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…

Read More

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…

Read More

What Bitcoin Watchers Are Saying After the Surge Past $10,000

What Bitcoin Watchers Are Saying After the Surge Past $10,000 Bitcoin entered uncharted territory on Wednesday after breaching $10,000 for the first time, leaving investors to wonder how long the rally will go — and whether it will end in tears.   The digital currency climbed as much as 4.4 percent to a record $10,379.53 during Asia trading hours, capping a more than 10-fold increase this year. Its market value has surpassed $176 billion, according to Coinmarketap.com.   Here’s what…

Read More

Rise of Bitcoins causes stir but questions linger

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…

Read More

Bitcoin vs. Bitcoin Cash – Can Both Survive

Bitcoin vs. Bitcoin Cash: Can Both Survive? Industry leaders comment on which will dominate the market: Bitcoin or Bitcoin Cash. You could be forgiven for thinking Bitcoin Cash was dead; the currency had slumped to about $600 before a sudden revival last week caused the price to soar to $2,600 while simultaneously knocking Bitcoin down a few notches. As a brief recap, Bitcoin recorded a new all-time high of about $7,800 on Wednesday, November 8 followed by a downward trend,…

Read More

Bitcoin’s price is spiking by 7 percent as traders shake off China fears

Bitcoin's price is spiking by 7 percent as traders shake off China fears The price of bitcoin is up nearly 300 percent year to date. Bitcoin is still under the $4,000 level, which it broke through after JPMorgan CEO Jamie Dimon said on Sept. 12 that the cryptocurrency is a "fraud" that will eventually blow up.   The price of bitcoin rose sharply on Monday with its price spiking up 7 percent midday, according to CoinDesk market data. The price…

Read More

Crypto Asset Firm Launches Investable Index for Top 30 Cryptocurrencies

Crypto Asset Firm Launches Investable Index for Top 30 Cryptocurrencies One of the cryptocurrency world's more tenured fund managers is launching two new products aimed at bringing the emerging asset class mainstream. Revealed exclusively to CoinDesk, Tim Enneking's Crypto Asset Management is today releasing a new product called CAMCrypto30 – a cryptocurrency index designed to mirror the 30 largest cryptocurrencies by market capitalization. In addition, the firm also announced a new, investable share class for the fund, which will track…

Read More

Is Bitcoin or Other CryptoCurrency a Good Investment

Is Bitcoin or Other CryptoCurrency a Good Investment Despite all denials of the techies, the Bitcoin continues to fly under the pressure of marketing that makes it a form of Russian roulette that benefits those who know the manipulation. Since March 26, the Bitcoin has increased from $ 973 to $ 2,795. A real explosion of prices which can only be explained by fraudulent maneuvers. It went from $ 16 billion to $ 43 billion. But behind this surge, there…

Read More

How to get started in the cryptocurrency game

How to get started in the cryptocurrency game   As bitcoin reaches for $2,500 again, I thought this would be a good time to let readers know exactly how digital currencies work and how to get more information if you wish to partake in this alternative investment. There will be only 21 million bitcoins created, and as of last month, roughly 16.8 million or 80 percent of all the bitcoins have been “mined,” or created. So unlike the paper currencies…

Read More