Search found 79 matches

by Lobudei
Fri Aug 23, 2019 3:00 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

Bitcoin has been trading for a premium of between 8 and 28 percent on the Argentina-facing section of LocalBitcoins. The higher prices compared to those advertised by traders on the peer-to-peer marketplace from the rest of the world highlights that demand is high for Bitcoin in the South American n...
by Lobudei
Fri Aug 23, 2019 2:58 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

Bitcoin has often been compared to gold for its properties as a store of value. Just like gold, BTC is not tied to any central controlling entity and serves as a hedge against state manipulation of fiat currencies. Unlike gold, however, Bitcoin is still very volatile but that could all change in the...
by Lobudei
Fri Aug 23, 2019 2:56 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

This year’s run-up in the bitcoin price has been attributed to numerous factors: the US-China trade war, bold monetary easing by central banks, a weakening Chinese Renminbi, Facebook’s plans to launch its cryptocurrency, as well as market manipulation via Tether’s USDT stablecoins. But a recession i...
by Lobudei
Fri Aug 23, 2019 2:52 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

Bitcoin price has been trapped in a symmetrical triangle for weeks now, bouncing back and forth between the top and bottom resistance and supports, making increasingly lower peaks and higher troughs, but breaking news surrounding Bakkt may have just ended any bearish pressure for the time being.
by Lobudei
Fri Aug 23, 2019 2:12 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

After posting a strong recovery from its recent lows of $9,500, Bitcoin (BTC) has been able to further extend its upwards momentum and is now nearing the next key price hurdle that could determine which direction it trends in the near-term. Bitcoin’s surge from its weekly lows of $9,500 signals that...
by Lobudei
Fri Aug 23, 2019 2:10 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

Bitcoin has often been compared with gold as it shares a number of similar traits. Both are safe haven assets, immune from government meddling, and both have a strong perception of scarcity. One veteran investor sees a strong demand for bitcoin and crypto assets as a bullish indicator for gold prices.
by Lobudei
Fri Aug 23, 2019 2:08 pm
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi. But another factor may b...
by Lobudei
Fri Aug 23, 2019 9:00 am
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

For the fifth time since its 2019 rally began, Bitcoin has dipped back into the four figure price range.
The move has not been unexpected, however it is clear that this bull run has exhausted its supply of buyers for now.
If BTC dominance declines, will it be a chance for the altcoins to shine?
by Lobudei
Fri Aug 23, 2019 8:59 am
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

Since Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically.
In fact, dominance for the leading cryptocurrency now sits at 69% and is showing no signs of stopping its growth.
by Lobudei
Fri Aug 23, 2019 8:56 am
Forum: Bitcoin
Topic: Latest boom on bitcoin
Replies: 220
Views: 5239

Re: Latest boom on bitcoin

Bitcoin and altcoins are forming a strange correlation as of late, according to data provided by market analyst Ceteris Paribus.

BTC
EOS
ETH
LTC