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Our reviews cut across various topics — Bitcoin exchanges, trading bots, trading signal providers and digital banking — in a bid to guide our readers into making educated decisions regarding their investments in the investing sphere. Just like our name, we aim to present smart investment options to our community. We find this necessary because the cryptocurrency and the investment world is ridden with cynicism. Many [...]
As the world struggles to contain the spiral effects of the novel coronavirus on the economy, nations worldwide are reviewing their policies to maintain a measure of stability. Today, we have governments enacting what they term “quantitative easing” with goals of increasing the supply and circulation of money, thus in doing so create some new bitcoin gold news for us. As both bitcoin vs gold narrative and the irony of being able to now buy gold with Bitcoin has your traditional cryptocurrency exchange buying and selling not only metals but currencies such as the usd eur and even commodities as [...]
Bitcoin is the first-ever Cryptocurrency that was created. This Crypto asset has grown in value to become one of the most formidable forms of currency in the world today. At the time when Bitcoin just flooded the market, it was almost entirely valueless. Still, in a matter of only a few years, it had risen to start competing with significant currencies in the world based on the current worth of the Cryptocurrency.
Bitcoin, like most other Cryptocurrency, has a feature that makes it hard to trace even when a crime or fraudulent activity has been perpetrated using it. This property of Bitcoin is called the pseudonymous property.
The pseudonymous feature of Bitcoin [...]
30-08-2019: Continued decline?
Let us look at what has happened with the Bitcoin since my last analysis.
In the end, we were given an increase in Bitcoin to the price areas we had indicated in scenario 1: $11600 and $11800. The market then turned around and dropped sharply. The $10088 support was broken due to a very large sales force. Bitcoin has fallen to our light blue rectangle zone, close to the area expected for a strong rebound ($9252) .
Thus, scenario 1 took place before continuing with scenario 2, while respecting the important areas we had indicated to you.