Inventor Creates Commercial Bitcoin Fuel Pump
Despite the advancement of bitcoin at a number of major online retailers and in small businesses worldwide, certain major sectors still have yet to see any serious digital currency adoption. For example, earlier this year, one gas station in Greeley, Colorado, became what was widely considered to be the first to begin accepting bitcoin, and three months later few, it seems, have followed suit. This sluggish adoption could change, however, thanks to the efforts of bitcoin enthusiast and thermodynamics researcher Andy Schroder, who on 1st April revealed a prototype for a diesel fuel....
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After an evening of perusing the internets a post on reddit stuck out to me. “Bitcoin is being manipulated like other alt-coins” . The writer, mitchr4, goes on to explain that he is or has been an alt-coin trader for a while and has seen certain pump-and-dump patters emerge in the alt-coin industry. mitchr4 goes on draw parallels between the recent price spikes and downturns in the bitcoin market and the pump-and-dump nature of altcoins. mitchr4 goes on to explain how the pump and dump scheme works in bitcoin….
The inventor of Ethereum Vitalik Buterin took aim at the controversial Bitcoin price model Stock-To-Flow (S2F). Buterin believes the model is “not looking good” and openly criticized it because it gives crypto investors a “false sense of certainty”. Related Reading | Bitcoin Back At $21K After 75% Drop, Where Does It Go From Here? This creates the illusion, according to Buterin, that Bitcoin will constantly trend to the upside. As the recent price action has proven, this could lead to many people losing their initial investment and more. Buterin said via his Twitter account while....
Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of […]
A gas station in the US now lets customers fill up with bitcoin, making it likely to be the first business that allows the purchase of fossil fuel using cryptocurrency. The station has completed eight transactions since it began accepting bitcoin at the start of January, according to the store's owner, Shahzad Sarwar. "I started taking bitcoin, above all, to support the bitcoin community," he said. The gas station, in Greeley, Colorado, is called Cosmic Market and also has a convenience store attached. Here you will find proof of Sarwar's fervent support for the digital currency writ large....
Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would “perfect” a buy setup that could initiate a pump and dump fractal from years ago. The pump and dump would be designed to further confuse […]