CNBC Trader Shades Bitcoin With Sarcastic ‘Beanie Baby’ Slam – CCN Markets
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Bitcoin (BTC) turned 10 years old recently, and if someone were to tell its founder, Satoshi Nakamoto, in 2008 that the new decentralized currency would still be thriving in 2019, he/she/they may assume that the experiment succeeded. However, an idea like Bitcoin is capable of existing even if it isn’t very
Read MoreAs two largest world powers, the US and China, tussle for economic hegemony, investors are drawing closer than ever to Bitcoin(BTC)trade and gold to shelter themselves from the turbulent stock market, a recent report from the US-based multi-asset investment firm eToro, said.On August 26, an article was published by The
Read MoreThe world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking
Read MoreBitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to $9,400 is merely a blip on the way to the moon – and an excellent opportunity to buy more coins. On the other side are those
Read MoreThere was a major downward move below the $10,000 support in bitcoin price against the US Dollar.The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000.There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data
Read MoreOver the last two years, the Bitcoin Cash (BCH) network’s protocol and third-party infrastructure have grown in robust fashion. There are now more than 70 projects and applications built on
Read MoreNew data reveals Bitcoin's true value is way less than you probably think - but that's not necessarily a bad thing for BTC. | Source: Shutterstock Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of
Read MorePhoto: ShutterstockHowever, it shows that most of the profitability has been gathering around the last three years, where Bitcoin had reached both its most profitable and its most unprofitable price point. Although the largest fall was to somewhere around $3000 it needs to be considered that hash rate and
Read MoreBitcoin price is at risk of falling from the current trading range and is hanging by a thread at $9,600 after repeated attempts to hold above $10,000 failed.And while a rebound from here cannot be ruled out, Bitcoin price was rejected by high timeframe resistance dating back to the previous
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