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