Is the P2P Movement Taking Off?
Peer-to-peer, or P2P, is a revolution that involves the decentralization of established goods, services, and institutions. Bitcoin's fundamental technology, the Blockchain, is leading the way for the P2P revolution. The Blockchain is a trust-less ledger of transactions that prevents forged data at extremely cheap costs. P2P payment systems are probably the largest change that will occur in this new age of technology. Never before have individuals been able to skip going through a bank or other financial institution to send money to someone on the other side of the world. Also read:....
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The prevailing bitcoin price resistance was overcome by a little flag pattern this past week, which ultimately launched prices up to recover a technical objective at $820. After prices overcome the psychological trigger zone area among $620 and $650, the current phase points to a technical goal near $820. According to Elliott Wave Theory, the current movement should reach a higher scenario through the 5th phase, from where profit taking would be considered. The old trendline, started in 2013, could be very useful at this stage because quotes still recognize its reference, reflecting that....
Bitcoin’s price is at the peak of a short-term rebound. At this level the trend is likely to change in favor of the bears. Will there be a rebound within an upward trend or a turn to decline? Is there potential for continued growth? The upward trend is not developing with certainty. Such vague movement can be caused by the medium-term bear positions, who are placing deals taking the current dynamics for a rebound towards the downward trend, which has started at $450. But the closer the price gets to the medium-term level of $427, the higher the probability of a more powerful movement becomes.
A sect of Bitcoin Maximalists known as Bitcoin Fundamentalists are taking over the movement. But is this fundamentalism a threat to Bitcoin or its greatest ally?
There are many forms of activism in this world. Many people see how corrupt the world can be and want things to change. Currently, there is a significant movement towards more autonomy. While this movement is small compared to the majority who can’t imagine a freer society, our world will gradually find its way there in a decentralized manner. The....
After an almost month-long correction toward the upward trend, Bitcoin has continued its long-term upward movement. What is the nature of that growth, and what should be expected now? The current growth was anticipated. The possibility of the long-term upward trend contuing was evident since May 22. The likelyhood of that movement was determined with the help of a number of interconnected analysis instruments. The market is cyclical. Every movement contains another one, of a lower scale, within itself. The traders’ behavior is manifested in that. The big picture of the market’s sentiment....