Weekends are traditionally a boring time to trade cryptocurrency. Either there is no market movement whatsoever or all major currencies see significant price declines. This weekend seems one with small declines for all top currencies, which is not something to worry about anytime soon. However, it goes to show the Bitcoin price may not reach US$3,000 as early as experts had hoped.
Cryptocurrency’s Weekend Downtrend is in Full Effect
The past week has been filled with more ups and downs than most people would like. The overall cryptocurrency momentum for 2017 is still pretty bullish, given a lot of the … Read the rest
Bitcoin’s progression as a digital currency appears to be foundering as adoption by major retailers as a payment method is decreasing despite its recent rise in popularity and value.
One Step Forward – Two Steps Back
With record-breaking price surges and mainstream interest in digital currencies at an all time high, one would think that retailers would be lining up to accept Bitcoin as a payment method. It is no wonder, then, that it comes as a shock to many that the exact opposite seems to be happening. Retailers are more skeptical than ever about letting customers shop with Bitcoin.… Read the rest
Kay Van-Petersen, the analyst who predicted the Bitcoin price going up to $2,000 now has another prediction, and this time, it’s even more astonishing. According to his newest prediction, the price of Bitcoin might even reach $100,000 during the next decade. If true, this newest prediction would mark a 3,483% rise.
This analyst’s first prediction was published back in December by Saxo Bank, and his report was even called “Outrageous Predictions.” Back then he said that the price of Bitcoin would go from $754 to $2,000. The report raised quite a few eyebrows, but then it happened, and Bitcoin hit … Read the rest
Andreas Antonopoulos has warned about Bitcoin Unlimited’s system of consensus and the dangers of a hard fork.
BU ‘Sets The Rulers’ But ‘Doesn’t Change Rules’
In his latest Q&A session at the Singapore Management University Bitcoin and Ethereum meetup, the veteran commentator highlighted how BU “doesn’t change the rules” but “sets the rulers, who will then get to change the rules.”
“…That is a very dangerous thing to do in Bitcoin, especially if it’s done as a contentious hard fork,” he said.
While Bitcoin’s best-known names have stated ever more explicitly on which side of the fence they fall, … Read the rest
The Bitcoin community is not enjoying their weekend, thus far, as the Bitcoin price continues to fall as the week comes to a close. Bitcoin value approaches $900 USD as a major player speaks on the forking turmoil.
Bitcoin Price Falls on Fork Fears
According to CoinMarketCap, Bitcoin price has fallen almost $350 over the last ten days, after reaching a low on Saturday of $904. This volatility follows a February showing nothing but gains, and a turbulent January, where Bitcoin price jumped to almost $1200 and then fell to almost $750 after regulators clamped down on China’s no-fee trading … Read the rest
In an increasingly growing market, Bitcoin market share dominance is fading every day of 2017. As market fears of a hard fork continue to fester, a manic Monday saw Bitcoin drop under $1,000, as altcoins grow stronger than ever before.
Why don’t we start with some good news first? The overall decentralized digital currency market has never been bigger and stronger, judged by market capitalization value