Bitcoin Price Bounces: Dead Cat?
So last night we published our twice-daily bitcoin price and highlighted what we will be looking at throughout the Asian session during Thursday evening. The main topic of conversation was the overarching bearish decline we have seen the bitcoin price over the last few days, and the suggestion that - if we broke in term support - this decline could well continue as we head into the weekend. As it happens, we did get a bit further decline, but during pre-session Friday morning, we have had a little bit of reprieve. So, with this said, what of levels that we are keeping an eye on in the....
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Bitcoin has jumped more than 10% in the last 24 hours as the coin’s price reaches $47.5k. Past pattern may shed light on whether this is just a dead cat bounce or a lead up to a real move up. Bitcoin Netflows Of Past Dead Cat Bounces Compared As pointed out by a CryptoQuant post, a look at the BTC netflows of the past cycles may reveal the pattern that dead cat bounces have followed historically. The Bitcoin exchange “netflow” is an indicator that’s defined as the difference between the inflow and the outflow. When exchanges observe higher inflows compared to the....
Bitcoin is dead. Bitcoin is dead, cry the critics. Like vultures at a funeral, financial pundits are circling. Each one is vying to print their "I told you, so"'s before the other - fighting like starving dogs over table scraps. Benign Parsimony. Bitcoin is dead, they say again. Miner's are shutting down. Services are running off with customer's coins. Bitcoin is a Ponzi Scheme. The Bitcoin CEO was arrested. Bitcoin is for drugs and money laundering. The price is falling, the price is falling. Hey... Henny Pennying is big business but I don't picture these individuals as Chicken Littles.....
The Dead Coins project has been given new lease of life by BTC education portal 99Bitcoins. Bitcoin education portal 99Bitcoins is the newly appointed undertaker of the cryptocurrency industry. It’s taken over the Dead Coins project, which provides a burial ground for more than a thousand dead cryptocurrencies, and breathed new life into the project by ensuring the list is accurate and by removing joke burials for Bitcoin, Tron, Dogecoin and Tether.Deadcoins.com was started in 2017 to document the demise of the hundreds of altcoins that materialized off the back of the ICO boom that year.....
5th October 2020, leading Crypto service comparison site – Cryptowisser, announces its Crypto exchange graveyard. The detailed page lists and explains the many crypto exchanges (largely centralized exchanges) that have disappeared, expired or collapsed this year, giving an insight into the volatile and competitive crypto exchange industry. There was a 56% increase of dead crypto exchanges from last year with no signs of letting up. While the general crypto industry continues to see impressive growth, the crypto exchange industry is challenged with competition, saturation and forever....
Milo Yiannopoulos, the technology editor for Breitbart.com, a global news site for independent and conservative-leaning thinkers, admits he first believed the recent media coverage that bitcoin was dead due to Mike Hearn’s declaration that such was the case. But Yiannopoulos, who is also an entrepreneur, quickly realized that bitcoin’s price has been stable and that people are still making money with it. More importantly, he recognized the key benefits are still there – the fast transfers and the unique decentralization. His conclusion, an essay titled, “Bitcoin Isn’t Dead, Yet,” is that....