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Early bitcoin investor Palihapitiya declares ‘nobody can stop it’

September J, 2017

Early bitcoin investor Palihapitiya declares 'nobody can stop it' Social Capital's Chamath Palihapitiya was early in both Facebook and bitcoin and continues to back both. "The idea that the government can put curbs on this is actually pretty specious," he said in response to JPMorgan Chase CEO Jamie Dimon's criticism of bitcoin. Investors who followed Social Capital's Chamath Palihapitiya into the early stages of two investments he advocated would have made an awful lot of money. Palihapitiya was early in…

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

September J, 2017

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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…

Why Most ICO’s Will Fail: A Cold Hard Truth

September J, 2017

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Why Most ICO’s Will Fail: A Cold Hard Truth In this guide from Blockgeeks, you will learn why most ICO’s Will Fail. On June 12, 2017, an Ethereum based called Bancor held its ICO. It raised $153 million in 3 hours. No, you are not reading it wrong, 153 million…..in 3 hours!!! If that doesn’t get your brain melting, then how about this? The BAT ICO $35 million in 30 seconds!!! That’s near $1.2 million per second! And if that…

Bitcoin Price Rises by 5% to $3,740 as the Cryptocurrency Market Gradually Recovers

September J, 2017

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Bitcoin Price Rises by 5% to $3,740 as the Cryptocurrency Market Gradually Recovers Today, on September 23, the bitcoin price increased from $3,600 to $3,738, recording a daily increase of 4.88 percent. At today’s peak, the bitcoin price surpassed the $3,800 mark, showing signs of recovery from the largest price correction. On September 20, less than three days ago, the price of bitcoin and most of the cryptocurrencies in the global market declined significantly. The bitcoin price plunged from $4,020…

Ethereum, Bitcoin Prices Slide as Market Sheds $10 Billion

September J, 2017

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Ethereum, Bitcoin Prices Slide as Market Sheds $10 Billion The crypto markets took a steep downward turn on Friday, with more than 90 of the top 100 cryptocurrencies posting single-day price declines. The bitcoin price dropped nearly $400 after challenging the $4,000 level earlier in the week, while the ethereum price slipped below $260. Chart from CoinMarketCap The total cryptocurrency market cap–the combined value of all cryptocurrencies–dropped more than $10 billion for the day. After beginning the day at about…

Prominent Bitcoin Trader – Price is Heading Towards $100,000 in 2018

September J, 2017

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Prominent Bitcoin Trader – Price is Heading Towards $100,000 in 2018 Earlier this week, prominent bitcoin trader and investor Tone Vays provided technical analysis on bitcoin’s short-term trend, major price correction following the nationwide ban on Chinese bitcoin exchanges, bitcoin’s swift recovery, and the long-term future of bitcoin. The analysis of Vays demonstrated the potential of bitcoin price to surpass the $100,000 mark by the end of 2018, which would provide bitcoin a multi-trillion dollar market cap. For many years,…

Wall Street Journal Argues Bitcoin Is âProbably worth Zeroâ, Joins Obituary List

September J, 2017

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Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List One of the Wall Street Journal’s most read articles of the day implies that bitcoin’s volatility reveals that the cryptocurrency is “probably worth zero.” The author of the piece starts by stating that a borderless digital currency out of the government’s reach that allows for semi-anonymous transactions sounds good, but that he’s not really a bitcoin fan because of the small number of transactions it can handle, and…

Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter

September J, 2017

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Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter Several sources including the Wall Street Journal have reported that the Chinese government and its regulators may target bitcoin mining operators in the region following the imposition of a nationwide ban on cryptocurrency and bitcoin exchanges. Experts in the cryptocurrency sector and mining industry including John McAfee strongly believe that the Chinese government will not order a crackdown on bitcoin mining centers and operators. As Cryptocoinsnews…

Bitcoin Price Technical Analysis for 19th September â Can Bulls Keep It Up

September J, 2017

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Bitcoin Price Technical Analysis for 09/19/2017 – Can Bulls Keep It Up Bitcoin price seems to have completed a large correction and is ready to resume its long-term uptrend. Bitcoin Price Key Highlights Bitcoin price has bounced off a long-term area of interest after its recent sharp drop, signaling that the uptrend could still resume. Applying the Fib extension tool on this major correction could indicate how high bulls could take bitcoin from here. Technical indicators on the daily…

Bitcoin Price Technical Analysis for 09/18/2017 â Chance to Short?

September J, 2017

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Bitcoin Price Technical Analysis for 09/18/2017 – Chance to Short? Bitcoin price is making a correction from its recent selloff, but it might be ready to resume the drop soon. Bitcoin Price Key Highlights Bitcoin price has been selling off in the past few days on reports that China has officially confirmed it would be shutting down exchanges. A bearish channel can be seen on the 1-hour time frame and it’s currently showing a pullback opportunity. Price is stalling at…