Bitcoin Price - December Summary and Trading Suggestions
This article will be my last written here for several weeks (at least). I would like to recap our work here during the month of December, and indulge in a little philosophical discourse about trading markets in general and Bitcoin in particular. When I was in graduate school, I was taught that markets were impossible to predict. It was a "random walk". The best we could do was to invest for the long term and hope that the long term trend remained up. I didn't question this at the time. I had never traded, and had no idea that it was something I would one day get me excited. One day a....
Related News
Greg Foss takes a deep look at the conditions surrounding the global credit market in this executive summary.
Yikes! Harvard professor Kenneth Rogoff really told us what the elites think of the common man in his “What’s the Crypto Regulation Endgame?” opinion piece. Spoiler alert: they don’t want you to have financial freedom or privacy. This man’s suggestions are so wacky that it’s hard to take them seriously, but this is how the […]
Bitcoin seemed to stabilize around Christmas Eve around December 24th, but steadily decreased to a floor around $318, going back up to $330 and plummeting down to $310. As described in my last market analysis, I predicted this movement two weeks ago. People liquidating holdings for holiday cash, as shown by the massive sell-offs today. Since the end of November, we have fallen from a price of around $380 and reached a price of $318.73 as of the time of writing. This is a 16.2% decrease in price in just a month, which averages out to a 4.05% decrease every week since the end of November. If....
The last week of 2016 has seen bitcoin push the pedal in its continuing rally as the cryptocurrency rises toward the $1,000 milestone. Bitcoin price has gained over 34% in the past month alone, streaking from $727.18 on the Bitstamp Price Index (BPI) on November 29, to today’s and the newest annual high of $980.74, at the time of publishing. Having steadily risen through most of December’s trading period, the price of bitcoin to the dollar shifted gears to surge from $791.41 on December 20 to $870.78 on December 22. While the handful of days remaining in 2016 wind down, bitcoin price broke....
XRP attracts buyers after the hope of a positive court ruling triggers a 25% rally above a key longer term resistance level. Crypto markets are flashing a bit of green on Sept. 22 as Bitcoin (BTC) price tacked on a 4.7% gain to trade above $19,300 and Ether (ETH) surged 6.5% to recapture the $1,300 level. RSR and Astar Network (ASTAR) also surged by 23% and 17% respectively, but the more notable mover of the day was XRP. Currently, XRP price reflects a near 25% gain and the asset is up 41% in the past month. According to defense lawyer James K. Filan, on Sept. 18, Ripple Labs filed a....