Amid Bitcoin Price Recovery, Investing.com Suggests "Strong Buy"
Based on technical indicators and moving averages, prominent trading and investment platform Investing.com states that it is optimistic for Bitcoin traders to purchase the digital currency for both short and long term profit. On Feb. 9, Bitcoin price plunged overnight, decreasing from $1,060 to $964. Bitcoin has already recovered since then, rising back to $1,030 in most major markets. Shock and panic. Last week, the People’s Bank of China halted withdrawals for Bitcoin and Litecoin users of Huobi and OKCoin, two of the largest Bitcoin exchanges in China that control roughly 20 percent of....
Related News
It’s been referred to as a "revolutionary technology" by IBM, and a "once in a generation opportunity" by PricewaterhouseCoopers. But perhaps the most descriptive title came from The Economist when they dubbed blockchain "the trust machine". It is a breakthrough in computer science that holds the promise of reducing the cost of establishing and maintaining trust for both individuals and organizations. "Blockchain" is a relatively new term that refers to a specific type of computer database. The Oxford English Dictionary defines blockchain as "a....
In physics, the definition of "energy" is "that which allows work to be done." This means that money is energy, since it can be used to do work via payments to people. The energy in money can be thought of as "economic energy". Economists call economic energy "price" and measure it in terms of "euros" or "Kenyan shillings" and so on. But, these units are abstract because their quantity changes over time. Physicists would prefer to use units such as joules or kilowatt-hours, which have a concrete basis in physical realities of mass....
We all should know by now that 2016 will be blockchain's biggest year yet, and for good reason – financial incumbents are finding very clever ways to start investing and testing this technology without the fear of fueling what they perceive as a threat to their business models. The key to this transition has been the rebranding of distributed ledgers and digital currencies under the larger banner term "blockchain", a word that has become so common, it is suffering from a bit of fatigue. But the admittedly vague term, "blockchain", also comes without the bad publicity....
Bitcoin spent most of the seven days ending 8th April fluctuating between $415 and $425 amid modest trading volume. These developments largely mirrored the previous week, with the exception of the fact bitcoin experienced weaker trading volume compared to the last several weeks. Some market experts sought to explain bitcoin’s relative price stability by asserting that low volatility has sapped the interest of many traders. George Samman, a blockchain advisor and consultant, told CoinDesk that bitcoin's volatility has fallen to its lowest since 2012, and that as a result, "volume has....
If Ayn Rand were involved in the bitcoin or crypto world, she might well identify "consensus" as an "anti-concept". The anti-concept, she said, is a "rationally unusable term". It conveys an approximate sense of meaning, but lacks the precision needed to fully communicate an idea. "In the realm of cognition," Rand said, "nothing is as bad as the approximate." "Consensus" mischaracterizes the decision-making processes that exist around bitcoin. Adoption or non-adoption of network software says nothing about the broader....