Bitcoin Value vs. The Dollar - The Coming Change
In the absence of important changes in the Bitcoin intra-day chart, here is an overview of a medium- and long-term strategy from which Bitcoin holders stand to benefit. As traders, we tend to focus on the next wave, and the direction of trend makes little difference if one is margin trading. However, the decision, whether to hold bitcoin or dollars in your trading account needs weighing. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 13h40 UTC. Dollar Index vs Bitstamp 1-Day Chart. Excerpt from....
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A weakened US Dollar is also positive for the bitcoin ecosystem, in a way. Looking ahead in the financial world is becoming quite challenging these days. Stock investors are currently concerned over the US Dollar, albeit that situation may come to change soon. After a horrible start in 20017 for the greenback, the question remains what will happen next. Further declines in value are not out of the question, which spells good news for investors. Additionally, a weaker US Dollar can benefit the bitcoin ecosystem as well. It has to be said, the bullish US Dollar trend could only be sustained....
Cambodia, a country that uses multiple currencies, may hold the key to mass adoption of Bitcoin. When I first got to Cambodia, the use of the dollar took me aback. The reasons were multi fold. One is that the prices are incredibly low. A dollar can buy you nearly 6-7 pastries at a local bakery. Secondly there are no coins, this means that whilst you pay in the dollar, you get your change back in Cambodian Riels. It seems to be a common knowledge that 1 dollar is nearabouts 4000 Riels. While at first getting your change back and doing the math maybe perplexing, you can get used to it. In....
The Boost VC-backed Bitcoin startup Lawnmower tracks purchases on a user's account, rounds them up to the nearest dollar to create spare change, and uses the change to purchase bitcoin on behalf of the user. The bitcoin purchased by Lawnmower will be deposited to a Bitcoin wallet of a user's choice. The minimum threshold for bitcoin deposit currently stands at $4, meaning that the accumulated spare change of the transactions must be at least $4 before bitcoins can be purchased by Lawnmower. For example, if a user buys a cup of coffee and a bagel at a local coffee shop worth $7.10, then 90....
Tether (USDT) now has an advantage over USD Coin (USDC). As a result, Circle’s dollar-pegged stablecoin, USDC, lost one of its largest leveraging stances to its main competitor, USDT. Coinbase, one of the prominent players in crypto exchange, has made a crucial change on the USD Coin page. The crypto exchange placed the change on its website. Related Reading | Vitalik Buterin Urges Ethereum To Grow Beyond DApps This was in response to an audit that exposed that a few USDC’s reserves were not held in cash. The audit discovery contradicts the statement that every USDC has a....
For all those who are casual market investors, rejoice! Bitcoin is back to its winning ways as the world’s leading free-market digital currency surges on Tuesday against a weakening US dollar due to recent commentary from President-elect Donald Trump. Trump: Dollar ‘Too Strong’. There are many potential factors in the value Bitcoin versus the dollar, the primary one being the value of the dollar itself, which is usually very stable and strong, being the global reserve currency. However, with Donald Trump ready to assume the position of the most powerful man on Earth in just three days, his....