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Showing posts with the label BTC

Crypto Market Update 3

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Here is my estimated price target for Bitcoin in the short term ($9,000) - https://www.newsbtc.com/2018/07/29/bitcoin-price-weekly-analysis-btc-usd-could-test-9000/

If you haven’t noticed most cryptos are highly correlated with the movements of Bitcoin right now. So wherever Bitcoin goes, until something changes, I imagine most other cryptos will go. There is an opportunity to margin trade Bitcoin right now. The way it was explained to me is basically, you could buy small cryptos with what is called in equities as high Beta. Or you could just buy a bigger coin with a lower Beta, take on some leverage and goose your returns with lower risk. Keep in mind, margin trading is incredibly risky.

This data is thanks to - https://www.sifrdata.com/cryptocurrency-correlation-matrix/
Some pundits including Tone Vays are still saying that we will be going to $5,000 per Bitcoin before the next full on bull market. Right now, I believe that is false. I think we have a chance to break out and gain som…

Should Traditional Finance Surrender To Bitcoin?

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I used to work in the “Bad Finance” industry. And then I left. Why because in my opinion, traditional finance is deeply unconscious. Firms operate solely for the profit motive. Anything that opposes them is something to be destroyed.

At the end of college, I started YouBux.com a personal finance portal for young people to help them make better financial decisions that they will live with for the rest of their lives. Interestingly, the verdict from the startup was that people didn’t care enough to make changes. They weren’t in enough pain to make the switch to a more prudent personal financial plan.

If I had known about Bitcoin back then, I probably would have focused on it. Today, the movement against traditional finance or what I would call “Bad Finance” is back in full swing. See traditional finance has caused more problems for humanity than it has solved. It has enriched 1/7th of the world at the expense of 6/7ths. To me that doesn’t seem fair. Luckily, now there is an alternative…

Summer 2018 Crypto Markets: Why This Year Could Be Different

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The cryptocurrency market has come roaring back, and if this trend continues, it looks like BTC could be back on its way to 10k in a matter of weeks— a rising tide that will lift other crypto boats. Many who kept the faith during these bearish past few months have pointed out that the cryptocurrency market follows an annual cycle that goes something like this:

Things start off strong in January, followed by a significant correction. Bearish trend remains until late spring, giving way to a smaller bullish uptick, followed by a flattening off in the summer months. Starting in September, prices begin to rise again, culminating in a bull market every year in November and December.



There are numerous theories as to why this pattern has repeated in recent years, ranging from family discussions of cryptocurrencies at the Thanksgiving table spurring huge November buy-ins across the US, to the Chinese New Year in late winter/early spring, which is associated with sell-offs across Asia by mill…

Crypto Market Update

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In my best estimate, the price of Bitcoin (BTC) is going down in the short term. Some traders online are saying that the BTC price will hit $8000 once again. I’m waiting for more deals to appear before making new moves.

Some facts that are true regarding crypto right now are that social media companies are censoring posts related to crypto. As I mentioned in a previous post, some of the 2017 crypto growth is attributed to social media related to crypto. If censorship by major media continues, it will be harder to educate new users about crypto using these channels and onboard them. Another major marketing point which attracts new users is increases in the price of cryptocurrencies as highlighted by the news. If the price does not move up quickly, then this marketing bullet simply does not work.

Also, since Coinbase was forced to stop allowing credit card transactions, new gateways and onramps to crypto have slowed down. If you would like to know my opinion on new value drivers for cryp…

Insights into Chain Death Spiral and Other Vulnerabilities Plaguing Bitcoin

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Bitcoin (BTC) has been in the limelight lately for all the wrong reasons, including its associated risks and some vulnerabilities it has. A few of the most concerning vulnerabilities and issues that BTC faces are related to: problems with difficulty adjustment, the possibility of a Chain Death Spiral, and the ongoing rise in the mempool. In the following sections, we will explore these issues in greater detail.

A Closer Look at Vulnerabilities and Issues Bitcoin is Facing

Issue #1: Bitcoin's Vulnerability With Respect to Difficulty Adjustment and the 2016 Blocks

Right at the time of the Bitcoin fork, it became clear that Bitcoin’s protocol has an inherent vulnerability.

The vulnerability relates to the difficulty adjustment: in the event there is a loss of mining power by the chain, it will have to wait for a total of 2016 blocks to be processed before a difficulty adjustment can take place to bring the block time back to its normal ten minute target. If mining power is not restore…

The Future Of Bitcoin, Ethereum & ICOs

This is a great video which discusses the future of Bitcoin, Ethereum and ICOs. The most interesting part is at the 1 hour mark where Craig Wright explains some of the future technology which will exist in Bitcoin Cash or does already. I was super impressed after watching it and suggest you do the same. 1GB blocks are not the end goal. Block size will get bigger and bigger over time. Hard forks will become the norm, not shunned. According to Craig Wright in the video, hard forks occurred all the time in early days of Bitcoin. The way you determine if new changes to the software will work is by testing. In the end, the market will decide which coin to value the highest not influencers. Economics still works as long as the data sources are not corrupt.

Please watch the video. You will be glad you did.

Now That Bitcoin Segwit2x Fork Passed

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Now that the Bitcoin Segwit2x fork has passed, Coinbase has unlocked trading of BTC again. There may be some selling off of Bitcoin (BTC). It is unlikely to get (B2X) coins right now according to Coinbase.

Bitcoin (BTC) has some problems: BTC - Chain spiral of death.BTC - Severe network congestion.BTC - Civil War with BCH and other contentious groups. Ethereum (ETH) and Bitcoin Cash are looking pretty good right now. Bitcoin Cash (BCH) is currently 25% more profitable to mine then Bitcoin (BTC).

Segwit2x Fork - Market Protection

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It is my understanding that the Bitcoin Segwit2x (B2X) still has a small probability of happening. This is because a faction of miners still believes in it despite the major market players calling it cancelled. This would enable protection for Bitcoin (BTC) owners who are susceptible to chain spiral of death due to Bitcoin Cash (BCH). Since BTC has no Emergency Difficulty Adjustment, if there is another crazy spike in Bitcoin Cash (BCH), which in my opinion is likely, all buyers of Bitcoin (BTC) after the August 1 Bitcoin Cash (BCH) fork have no protection. This is a big deal because many people new to Bitcoin (BTC) may have invested large sums of money with no understanding that it could go to zero.

We will see if this hard fork occurs around tomorrow or not. It is very exciting times to be involved in crypto currencies. It’s probably a good idea to have at least some exposure to Bitcoin Cash (BCH) to ensure that you have some diversification in the event of another black swan. In th…

Segwit2X Is Still Go - Complete Wealth Transfer From Legacy Bitcoin To Bitcoin Cash In Progress

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Since Segwit activation on 23 August, the Segwit2X team had endured 2 months of relentless bashing from the small blockers, all the while remaining mostly silent. So what happened between October 26 and November 8? It can't be for the lack of consensus which was the reason given. They already knew there was never going to be consensus. Something unexpected happened, causing them to push the "kill" switch. What was it?

Read the full article at the above link.

Bitcoin Cash Flippening

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Is the Bitcoin Cash flippening happening right now? As of this posting, Bitcoin Cash (BCH) is up about 42% in the last 24 hours. Most other cryptos are down for the day. I don’t see the upside to holding BTC until the cancelled fork news gets baked into the price.

Some people on Twitter are calling this the BTC death spiral. The BTC mempool is really filling up now.

I Didn't Get Into Bitcoin To Get Rich by Rob Danielson

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Here on Yours, I'm sure I'm preaching to the choir but I didn't into Bitcoin to get rich. Nowadays that seems like what all of the "Bitcoiners" want to do. They're just "hodling" their coins to watch it rise in value. Like stocks. Or perhaps more like tulips. No, when I got into Bitcoin years back, it was because I loved the idea of a digital currency in an ever-more-becoming-digital world. A digital currency where I control my own money, no matter what.

Visit link to read full article.

There Are Only Two Cryptos That Matter Right Now by Jared Schlar

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In my opinion after extensive research I have determined that only two crypto coins or tokens matter until after the Segwit hard fork. This article was previously behind a paywall and is now free.

In my paid content you can discover my rationale for this including extensive research I conduct daily. This article is paid and I hope it provides a large value to readers with new insights. My background as a Search Engine Optimization (SEO) Analyst helps me understand indicators about the crypto world that are hard to quantify without the same training.


#1 Bitcoin

#2 Bitcoin Cash

When the Bitcoin Cash fork happened people would borrow Bitcoin on margin at crazy interest rates just to get exposure to the fork. There is now and I anticipate more until the BTC fork, a rush to accumulate new BTC to get a sort of dividend after the BTC fork. What the exact split ratio will be, I don’t think anyone is totally sure at this point. The powers that be have a huge incentive to make the fork come ou…

The Bitcoin Fork Wars by Megawatt

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We are living in amazing times right now. This month of November 2017 is one that will go down in the history of Bitcoin as one of the most controversial, most dramatic, most bloody month in cryptocurrency history. Sometime in mid-November is the Segwit2x fork. This is a fork that increases the block size limit of the once heavily-change-resistant Bitcoin from 1mb to 2mb. It has taken over 9 years for this change to occur and the community is nowhere close to reaching a consensus.

Read full article for free at the above link.

Predicting the Outcome of the November Bitcoin Fork by Ryan X. Charles

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On approximately November 18, Bitcoin will split into two chains: Segwit1x and Segwit2x. Because these chains share the same proof-of-work function (PoW) and neither change the difficulty adjustment algorithm (DAA), it is unlikely that both will survive simultaneously.

View the link above to read the full article.

The Bitcoin Vision: Lost but Found, and Being a Part of it by Bitcoin Optimist

In 2013 and 2014, the Bitcoin community was much more united than it is now. Back then, the community's excitement level rose when businesses announced they were going to accept Bitcoin. It was sign of legitimacy taking root when companies such as Microsoft, Overstock, Expedia, and Newegg started accepting Bitcoin - as well as the many other businesses Bitpay, Coinbase, and others brought aboard. The community eagerly awaited for the next big company to start accepting Bitcoin, as one major criticisms at the time was "what good is it if you can't spend it anywhere?" As this was a valid concern, the community consensus was unanimously in favor of accelerating business adoption.

Web Marketing LLC Now Accepts Bitcoin

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Web Marketing LLC now has a Bitcoin page. Please visit, updates to follow - http://www.StrategiesSEO.com/bitcoin


What are the Main Drivers Behind Positive Bitcoin Cash Movement?

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Bitcoin Cash (BCH aka BCC) has been the focus of discussion for many cryptocurrency experts and there are valid reasons for such inquiry. Bitcoin Cash is experiencing significant growth and moving in the right direction right from when the main Bitcoin blockchain hard forked. Let us go through details of how it is performing and also check the reasons which are fueling such positive movement.

Rising Bitcoin Cash Prices
Yesterday, there has been over 18% improvement in exchange rate (BCH/USD) from the low to the high, helping Bitcoin Cash attain $550.00 level with a network cap of about $9.1 billion. As such, it has reached the top 3rd position of cryptocurrencies by their network cap. I use network cap rather then market cap because it is not an equity and does not have earnings.

What is causing the price rise for Bitcoin Cash?
There are several reasons for such a price rise, let us look at them here:
The most important reason is that there has been a surge in trading volume taking plac…

A Closer Look into Yours.org - A Content Management Platform That Uses Bitcoin Cash and is Quickly Gaining Popularity

There are several content management platforms that content creators can make use of and now there is a new one called Yours.org. So, what is special about it that differentiates it from others and how content creators can benefit by using this platform? Let us look at the answers to these questions in the following sections.

Read more about Yours.org and Bitcoin Cash here.

A Closer Look into the Progress Bitcoin Cash Has Made So Far After the Hardfork

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In our last article (Launch of Bitcoin Cash on August 1 and Its Implications for Bitcoin Holders) we discussed how it all started for Bitcoin Cash (BCH) on August 1 when there was a Bitcoin Segwit (BTC) hard fork. Read more about Bitcoin Cash here.

I’m Holding Ethereum Right Now

All Star Venture Capitalist predicts ETH will surpass BTC in market cap in 2017. This post includes my highlights to… Read more about Ethereum here.