My Late Night Bitcoin Epiphany
In a late night fever, I had to explain to my friends the importance of the mission of Bitcoin and the economic clarity it provides. My 2 a.m. Bitcoin Epiphany from January 12, 2020, that I sent to my closest friends. Friends,I just had an epiphany that has finally convinced me why I will be buying more bitcoin.My epiphany is as follows: The only investment vehicle available on the market today that cannot be, will not be and has not been manipulated, so as to be a reflection of true market fundamentals, supply and demand, and true value is bitcoin. Companies on the stock exchanges can....
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The late-night robbery of a Montreal grocery store last night resulted in the apparent theft of an on-site bitcoin ATM. According to information provided to CoinDesk, the Euromarché grocery store on Rue Lachapelle in Montréal was targeted around 10:30pm EST. A store representative reported two unidentified individuals were involved with the theft. Camera footage was taken of the incident and provided to local authorities with a formal report, the representative said. The store was closed when the theft took place. The ATM was a Lamassu brand machine, operated by vendor Instacoin (which....
Here's a look at what we are focusing on in the bitcoin price this morning. Wow, what a night. We’ve been asking for some volatility in the bitcoin price for the last couple of days, and boy did we get it last night. Things we’re a little flat in to yesterday evening, and we noted in the second analysis of the day that we may see a sharp breakout based on the idea that the flat action heading into the late session was a sort of price coiling. Price coiling is a conceptual way to describe the pressure building between buyers and sellers in the (generally speculative side of the) market, and....
Late last night, we published the second of our twice-daily Bitcoin price watch pieces. In the article, we highlighted the fact that a symmetrical triangle was forming in the Bitcoin price, and that action had confined itself within this triangle for the past couple of days. We also noted that-in combination with our standard breakout strategy-we would use this triangle to help us get in and out of the markets overnight. Action has now matured throughout the Asian session, and as we head into today's European afternoon, what are the levels to watch, and where will we define our risk and....
Bitcoin price has gained plenty of ground in an explosion of demand due to Chinese buyers, easily spiking over 10% of its trading value in USD in a 13-hour period that began late Saturday night leading into Sunday noon (UCT). Bitcoin price rang the $600 mark for the first time since July 2014 and is now trading at its highest ceiling since June 2014 in the Bitstamp Price Index (BPI). The remarkable rise in the price of the cryptocurrency in recent weeks means that bitcoin is now trading at a 2-year high. Almost to the day two years ago on June 11, 2014, the BPI saw $650.50 at 02:00 AM,....