Bitcoin ETF May Feel Good to BTC Enthusiasts, but Adoption May Not Advance In...
While cheered emphatically by the crypto community, the bitcoin ETF’s simplicity hides many drawbacks, especially for long-term investors unfamiliar with the inner workings of the futures market and the rocky results of historical ETF launches. The First Crypto’s Saga Continues as Accessibility Broadens With the first Proshares bitcoin exchange-traded fund (ETF) with ticker BITO opening for trading on October 19th, investors with brokerage accounts can finally access the cryptocurrency just like they can any other stock or ETF available. For bitcoin aficionados, the....
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Understanding Bitcoin and the blockchain is not necessarily required to use cryptocurrency. It is good to see people show a keen interest in the ecosystem, though. Bitcoin has always been looked at as a way to make payments and disrupt money transfers. Although the financial world has opposed the idea of Bitcoin for the longest time, the tide may change soon. Financial experts feel the time has come to see cryptocurrency in the proper light: as a useful way to transfer money around the world. Cryptocurrency enthusiasts will be pleased to hear the time is nigh for Bitcoin. To be more....
In light of all the news about bitcoin, in light of the fluctuating prices and the fact that we never know where bitcoin is going to stand, there is some good news for digital currency enthusiasts, particularly those who are fans of Lycancoin. Lycancoin (based off of lycans, or those affected with lycanthropy; in other words, werewolves) is one of the first three cryptidcurrencies. These are currencies based on creatures such as Sasquatch or the Loch Ness Monster or Champ; creatures that are believed to exist, and yet evidence is limited to suggest so. Along with its digital currency....
Bitcoin price continues higher after Craig Wright has excused himself from the ecosystem. Bullish sentiment is riding high toward the advance pivot at $470. Bitcoin price is pushing higher. It seems that the bullish sentiment is pervasive and that there is no other option but to be long in this market. Now that Craig Wright has abandoned his media-forced claims of being Satoshi Nakamoto, of course, the market should feel some relief and express it in the chart. We know that $550 is an upside target, but some concerns remain: 1) Volume remains low 2) $470 is an upside barrier that has....
Bitcoin price achieved $450 (Bitstamp) and 2900 CNY (BTCC) overnight. Since then price has entered a pullback that appears incomplete at the time of writing. A strange advance that is not yet surging above the long-term resistance it has just broken (grey trendline). The expectation was that the slow push higher would turn parabolic on the successful push through resistance at $430 (Bitstamp). In the 4-hour timeframe, RSI is reverse diverging to the December high and the advance must now push through a supply level that has been in effect since November of last year. Although the slow....
The price of bitcoin is now hovering around $250. Just recently I reported on the currency's stance at around $232, and now that price has risen by almost $20. Digital currency enthusiasts should be feeling good, right now. There's evidence that their investments might be making a comeback, but there is still a long way to go. I will say that if there is one thing the bitcoin price has taught me, it is that you can't be too careful. If you share my personality, you probably sit and wait for things to get better. You hold onto that hope, and even though the price may rise, you're always....