Why The Bitcoin Price Drop Is Really Good News
Looking at a Bitcoin price "candlestick screen" is no way to go through life. If you are day trading Bitcoin, or are in Bitcoin for the short-term, to make a quick hit, this article is not for you. If you think the U. S. Dollar is going to be the global currency for the rest of your waking days, turn back now. If you think gold and silver are the only "real" commodities worth investing in, you are free to leave the room. Also read: Why Bitcoin Value vs. Dollar Doesn't Matter. That is for the Bitcoin full-timer. The lifer. The person who gets paid in BTC and knows how special it truly is.....
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It's Sunday again, meaning it's time for another Bitcoin News in Review, where we check out some of the top stories of the week here on CryptoCoins News. This week (10 August - 17 August), we saw a huge drop in the Bitcoin price, more news regarding Mt. Gox, an interesting take on cloud mining, and more. Check out our video and keep scrolling for this Bitcoin News in Review. What's Happening to the Bitcoin Price? After a brief period of stability, it looks like volatility is back. At the time of this writing, one Bitcoin is worth ~$497, an almost $100 drop since last week. A lot of times,....
Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, there was a drop in the Bitcoin price, Dogecoin's price continued to decline, Ecuador banned Bitcoin in favour of its own cryptocurrency, and more. Check out this week's Bitcoin News in Review after the break. Explaining Bitcoin's Recent Price Drop. The Bitcoin price fell below $600 this week. If you've been monitoring the Bitcoin price this week, you've probably noticed that it has dropped below $600 USD (currently at $588). While it's rarely....
Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, we saw a substantial drop in the bitcoin price, saw Walmart and Best Buy reject Apple Pay, saw a surge in the Peercoin price, and more. Check out this Bitcoin News in Review after the break. Bitcoin Price Drop. At the time of this writing, one bitcoin is worth $402, and was in the $300's earlier this week. What could have caused this large price drop? One theory is that Alibaba's U. S. IPO caused the crash. While it's impossible to know for sure....
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (28 September - 5 October), we saw a huge drop in the bitcoin price, Bill Gates praising Bitcoin technology, a cyberattack against JPMorgan Chase, and more. Keep scrolling for this week's News in Review. Also read: Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and More. What's Happening to the Bitcoin Price? At the time of this post, 1 bitcoin is valued at $298, just slightly below $300. This is a substantial drop in price from just a few....
There has been a great deal of speculation in the Bitcoin community about the sinking prices of Bitcoin and what its causes. There are people saying that margin trading is the culprit while others are putting the blame on mining difficulty or large corporations accepting Bitcoin and then converting it immediately for fiat currency. Because Bitcoin has the same traits as both money and commodities, CoinTelegraph decided to ask an expert on the subject of money, Edmund Moy, former Director of the United States Mint. Moy was in charge of the Mint for several years during the Bush....