Why The Double Top Narrative In Bitcoin Doesn’t Make Sense
Bitcoin price just set a new all-time high today, and then immediately dropped $500 and is trading below the former peak once again. Murmurs of a “double top” scenario have been making rounds across the speculation-driven crypto community. However, one well-known crypto trader and analyst explains why such a scenario is nearly impossible, due to […]
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Bitcoin isn’t on the same playing field as anything else — so it doesn’t make sense to waste time lashing out.
Bitcoin price is in a precarious location. The asset set a new all-time high just days ago but is trading below the record and starting to decline. The shifting momentum is now presenting in technical indicators supplying bearish signals, adding to the double top narrative that’s been building since failing to break $20,000. Here are […]
A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions.
There are many reasons to be excited about bitcoin: it could enable totally new business and technology models; it resembles the internet in the early '90s in the sense that it is a network that no-one owns and everyone can contribute to; it could revolutionise legal concepts of ownership; it could disrupt the payments industry; it could even become a tax haven. It could also flop. In an earlier post, I described the thinking behind my first angel investment in the digital currency space: CoinDesk. In this post, I discuss what first got me excited about bitcoin - the solution to the....
Did you hear about Elon Musk’s concerns about Bitcoin mining, green energy, and the environment? Of course you did. Did it seem suspicious to you that Tesla apparently invested billions of Dollars in BTC before researching this very surface topic? Of course it did. Because it doesn’t make any sense. Well, former NewsBTC and current […]