Bitcoin Is Not Dead, It’s Just Been “Boring” Lately, This Trader Says
Bitcoin has been labeled with different kinds of names: Fake, misleading, confusing, and pointless. Despite these tags, many will agree that the crypto is never lifeless. Bitcoin’s price has been surprisingly lethargic over the previous few days, bouncing just above and then below the $20,000 threshold. Since June, it has been unable to significantly surpass […]
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The current bitcoin trend can be described as “boring” by a lot of folks in the market. However, it is good to look at what this would mean in a space like the crypto industry that is used to fast-moving prices and quick-changing momentum. While the word “boring” may sound bad to investors who are used to these characteristics, Director of Global Macro at Fidelity, Jurrien Timmer, explains why this could inherently be a good thing for the digital asset. Draw In Institutional Investors The need for institutional investors in bitcoin cannot be overstated. For the digital asset to get to some....
Bitcoin is the first mover, and for that reason alone, it will always be the king of cryptocurrencies. Every desperate attempt to kill the most sought-after crypto asset or claims of it being dead only seems to have made the crypto stronger and more resilient than ever. Every successful trader holds BTC. A beginner in […]
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.....
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....