Two Words That Explain the Price Movements of Bitcoin
The price of bitcoin increased yesterday following the news that PayPal would integrate the digital currency into its services for merchants. However, the price is still down approximately 50% compared with the start of the year. Everyone in the bitcoin space is now looking for answers as to why the price has dropped so much from its $1,100 peak in December 2013. In the absence of any new specific information, the simplest answer is the best, and can be summed up in two words: asset allocation. Simply put, there have been better places to invest since the price started dipping from a....
Related News
In the last week we have witnessed sell orders of more than 1000 bitcoins at a time pushing the Bitcoin price downwards. The Bitcoin price has fallen from a stable 590 USD per Bitcoin (August 10th) to now 450 USD per Bitcoin. There have been no recent negative news or happenings that could explain the big sell offs, and one might start to wonder. I've recently written a few theories of why the Bitcoin price has crumbled while Venzen wrote about BitFinex' "shorting" function. The Bitcoin price has still been falling today with more than 50 USD per Bitcoin. Is this Tim Draper getting cold....
Bitcoin is a complicated subject, it really is, that's why it may sound so unfeasible if whenever you try to explain it to someone, or someone tries to explain it to you. As the old saying goes, a picture is worth a thousand words, and a video is worth 24 pictures per second! With that in mind, we have scoured the web in search of explanatory videos, infographics and podcasts to help you get a better understanding of Bitcoin. Videos. The Khan Academy. The famous E-learning institution has a course on Bitcoin (which we've already featured). The course is split over nine videos between nine....
What steps can Bitcoiners take to best explain the technology in ways that are digestible and measurable by everyone?
After bitcoin's price hit its previous all-time high in 2017, it fell. Analysts explain why the latest rally will be different.
There may be some words of encouragement for those wondering why the price of Bitcoin seems to keep falling. In fact, if we look at the Bitcoin price chart using a longer time frame and the logarithmic scale we can see the price bounded by some lines called support and resistance. Looking at the long term chart we see that Bitcoin price is bounded from above and below by the long term up channel. Bitcoin Price is bounded by support and resistance lines. If we zoom into the top of this chart we can see a close up of the downtrend line that creates upward resistance: Upward resistance....