The Upside of the Internet: Defending Bitcoin's 'Downside'
Like any good cryptocurrency adherent, in my romping around social media I was unsurprised to find yet-another-grossly-misrepresented-hit-piece on bitcoin. But this one sure was fancy. Op-ed in the NYTimes, you say? Group chief executive (?) for financial services from a major consulting firm? Wow. Must be a hard-hitting, well-researched, incisive look at the downsides of cryptocurrency. I clicked the link. And then I read the goddamn title. Sigh. You’d think the author would have relented after writing The Downside of Transistors: Miniaturization or The Downside of the Internet: Worldwide....
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Bitcoin has seen a strong rebound today, with bulls defending against a deeper selloff as the crypto neared the lower-$30,000 region overnight Where the entire market heads in the short-term will undoubtedly depend on BTC and its continued reaction to its key near-term support So far, the buying pressure seen between $30,000 and $33,000 has been promising and could indicate that further upside is imminent One on-chain analyst is also noting that this happens to […]
Senator Carper drew a parallel between the internet and Bitcoin (finally a powerful voice that is educated on the topic): "When the internet was young, people said who cares about that? Some people said it has some upside potential, some people said it has some downside potential to with drug transactions and money laundering. The early message on the internet was, let's not kill the baby in the cradle. I think there is some upside her for Bitcoin and other virtual currencies". "Federal regulators and law enforcement agencies don't need new laws to tamp down on the more seedy uses of....
Ethereum price attempted a minor bounce against the US Dollar, but failed. It looks like the ETH/USD may continue to remain in control today. Key Highlights. ETH price struggle to move higher against the US Dollar continued, as it found resistance near $10.75 yesterday. Yesterday’s highlighted trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD are still intact and preventing an upside move. It looks like the price may decline further towards the $10.40 level. Ethereum Price Downsides. ETH price remained under a lot of bearish pressure yesterday against the US Dollar. There....
For the second of today’s bitcoin price watch analyses, we are going to kick things off with a chart. The chart below shows the action price put forward this morning, with our earlier framework overlaid. To start off then, take a quick look at the chart. As the chart shows, action went against our initial upside bias, and broke through the level we had slated as support to the downside shortly before lunchtime in the UK. After this break, a sustained downside run carried price to our downside target, pretty much directly after the break in question. While we obviously prefer upside trades....
Ethereum has been caught in a wild bout of turbulence these past few days, primarily because of its recent breakout rally that allowed it to gain serious ground against Bitcoin The cryptocurrency has been able to flip the crucial $1,000 level into support, and bulls are in the process of defending it presently It is imperative that bulls can continue defending this level in the near-term, as any dip below it could lead to a […]