Nouriel Roubini has been attacking Bitcoin and blockchain again in the last days. He said that Bitcoin is the ‘mother of all scams’ and blockchain is most hyped tech ever. Bitcoin is unable to scale because it can process only 5 transactions per second and transactions cost $55, etc…
Here it is some of the reactions from the bitcoin community on Twitter:
— ฿TF%$D! (@CryptoHustle) October 11, 2018
… Read the rest
Imagine criticizing Bitcoin at $58 and then see it go to $20 000. Your credibility is lost so the only thing you can do is double
Bitcoin had a strong bull run in 2017, achieving an All-Time High at $20,000 in December and then plummeting at $5,800 in February 2019 and till now is trading between $6,000 – $8,500.
Cryptocurrencies aren’t only a risky trading opportunity which made many millionaires in the last years. It also caused considerable losses to many people who bought the top. But Bitcoin is also currency to buy things. There is a considerable number of businesses that accept Bitcoin as a method of payment.
Between many things you can buy using Bitcoin, You can also buy a house with Bitcoin. … Read the rest
Bitcoin price Volatility has stabilized to a decent degree in the last 2 months. The difference between the high and low is about 2.58% in the last 2 months. Many bullish signals for a bull run seems to be around the corner. But seems that people are less confident and fear a further price drop. This sentiment has been confirmed by a poll conducted by om Lee (Head of research at Fundstrat Global) were more than 50% of the 9000 participants think that the price didn’t bottom yet.
A Jeniper research report has been published yesterday on Bloomberg with title … Read the rest
Since its beginning, Bitcoin has shown a very unstable nature. Nonetheless, amid a previous couple of days, Bitcoin’s price volatility has tumbled to the most minimal level of 2018. The U.S. Securities and Exchange admission (SEC) will no doubt see Bitcoin’s small price movements more positively.
Low Volatility In Bitcoin Price Means That Investors Are Holding
According to data obtained from Coinmarketcap.com Bitcoin price volatility decreased recently by about 1.7% in the last 30 days and 2.5% in the last 60 days. As in the indicated form, the chart below the price graph becomes a linear line more similar to … Read the rest
In the news, we’ve come to consider bitcoin purely in terms of value and predictions. If you do a search for the cryptocurrency on any given day you’ll find a virtual library of articles about what its price has done in just the past 24 hours, as well as a slew of predictions and projections from investors and experts about where it’s going next. This all makes plenty of sense given that we now almost universally view bitcoin as a commodity rather than a currency, and price-tracking and projection are important. However, bitcoin is also still a new asset, which … Read the rest
Bitcoin total supply is capped at 21 million which means that on 21 million bitcoin can be ever created. Unlike traditional currencies that are issued by governments which constantly add more cash supply causing the devaluation of the national currency and reducing the value of money held by people.
Bitcoin is created in a way that while more time passes the value of bitcoin increases. Bitcoin is not only capped at 21 million but also every 4 years there is a halving which means that the miner’s reward is reduced by 50%.
Basically, when a new block is minted by … Read the rest