Why ‘Reports Of Bitcoin’s Death Are Greatly Exaggerated’
The debate about bitcoin’s scalability should be viewed as a positive indicator, not a negative one. Instead, it has delivered a barrage of negative media that might have affected bitcoin’s price. The reverberations around bitcoin developer Mike Hearn’s departure from bitcoin continue, but bitcoin’s price has begun to recover while the global stock market is tanking. The recent price activity is only one reason Martin Tillier, a financial advisor writing in Nasdaq whom we’ve sourced before, has concluded: “Reports of Bitcoin’s Death Are Greatly Exaggerated.” Tillier thinks the discussion....
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Since bitcoin’s significant price rise over the past couple of months, the digital asset has gained attention from the mainstream media. Lots of them have been quite optimistic and have described the cryptocurrency in a positive light. However, just recently a couple of mainstream publications have tried once again to downplay bitcoin existence.....
Dogecoin is not dead. Earlier this month, the Dogecoin community had experienced its share of internal drama. Starting with the UltraPro trademark anger and moving to Jackson Palmer calling the community "cult-like," this dog has seen better days. Alex Green of Moolah even took to calling out one biased article that was skewering Dogecoin and calling for its death. To the naysayer's dismay though, the Dogecoin price has seen positive fluctuations and the community is returning back to "normal," whatever wacky and crazy state that may be at this point. CNN. Dogecoin has been an interesting....
Bitcoin traders are sitting on their hands after spotting a death cross on the daily chart but could this be a buy signal for contrarian investors? Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the verge of completion. For new traders, the name death cross itself brings a lot of negativity and a feeling of impending doom.....
Almost a year after Ivy League professor Vivek Wadhwa pronounced the death of Bitcoin, the digital currency has never looked stronger. It reached its all-time high market cap and outperformed every other currency and assets in 2016. In consideration of Bitcoin’s recent price rally, it seems like an appreciable time to breakdown Wadhwa’s declaration of Bitcoin’s death. Illogical arguments and misconceptions. Bitcoin was declared dead several times this past year, most notably by Nobel Prize winning economists and prestigious university professors. Wadhwa’s article entitled “R.I.P., Bitcoin.....
Although Bitcoin has seen a noticeable rebound following its negative price performance on the red Monday witnessed this week, the asset now appears to be at a critical juncture, according to prominent crypto analyst Benjamin Cowen. Cowen disclosed in a series of posts on X that Bitcoin faces what traders call a “death cross”—a technical chart pattern that could signal either a potential recovery or further losses. However, BTC’s only ability to avoid the further plunge hinges on a notable key price point. Related Reading: Imminent Death Cross Formation Emerges For....