A major event in the Bitcoin timeline is scheduled more than six months out, but the number of articles already speculating the consequences is growing in geometric terms. The word “halving” will soon find its way into our daily lexicon, if it has not already, but Bitcoin enthusiasts are well acquainted with what will happen…
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Happy days are here again in Bitcoin-Land. Champagne corks are popping, and the partying might go on for days. The world’s favorite digital asset has just recorded its third largest daily gain in history, risen $2,000 from the depths of despair, and despite a round of profit taking, it has not backed down one bit.…
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It can be both disconcerting and discouraging to hear a crypto expert opine on the issues of the day. It is a given that they have insider knowledge and a talent for the field, being more than likely a programming wizard, a cryptographer, or that geeky nerd that sat next to you in high school.…
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Bitcoin may has astonished critics across the globe with its nearly $2,000 run up in a single day, but there is one analyst that discounts any of its current movements or even the halving event next year. His premise is that a major run up will occur in roughly a year, as a result of…
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After a severe “head fake”, Bitcoin has once again climbed from the depths of lowly depression, confounded every analyst alive and their first cousin, and risen like a rocket, if 39% in one day satisfies that definition. Yes, the “King of Resiliency” sits upon its throne once more. Bitcoin had lost 10% in one day,…
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It is always amazing how any deflation in Bitcoin prices can bring out the skeptics in the crowd. After Bitcoin’s latest “Flash Crash”, analysts, who were afraid to show their faces for months on end, are now flooding the streets with dire predictions of another “Crypto Winter” or that government officials have finally signaled the…
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Parliament stymies Boris Johnson and his Brexit aspirations. Trade talks show no progress, and China releases worst economic data in three decades. A trio of news stories that could wreak havoc in financial markets and send capital fleeing for safe havens, but not to Bitcoin, at least not yet. The world’s favorite digital asset had…
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Economic news from China this past Friday was, in a word, “tepid”. For the first time in three decades, Chinese government officials are admitting that economic growth may decline below 6%. Foreign investment is already at 4.5% levels, suggesting there is not much in the pipeline that could boost data any time soon. The lagging…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 22, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The prolonged low volume consolidation period has claimed her first victim and it's a big one. To…
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In Bitcoin-Land, enthusiasts are always circling important dates on their calendars for events that could rock the crypto world, but no event commands the same respect, as does Bitcoin’s halving happening in May of 2020. In both 2012 and 2016, similar halving episodes gave rise to massive appreciation in the months that followed. Can the…
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