On January 23, Bitcoin fell below $10,000. That’s the second time in recent days that prices dipped below this psychologically important threshold. The headlines picked up on the drama: “Bitcoin tumbles below $10,000 and is now down 25% on the year…” (CNBC, Jan 23)
Bitcoin is showing a significant sign of weakness from the price action point of view as it does a open rejection from thursdays top. On Fridays session price opened gap up and done a magical high of 16666.66 (Bitstamp Exchange) however rejected and got back into thursdays trading range with a strong rejection. Trading sentiment is maintaining negative for the last two trading session. Medium term Bitcoin Trend Exhaustion is clearly visible.
Too much of news about bitcoin(Chinese bitcoin bank, Korean ICOs ban, Jamie Dimon(JP Morgan), Goldman Sachs, ) kept the news flow busy attracting more of speculators. Despite all the negative speculation and panic dip below 3000 USD bitcoin price holds up with a strong bounce back.
I personally admire that Bitcoin is one intelligent way of transacting money. Blockchain is mind blowing technology. But when come to valuing Bitcoin it is a pure bubble ready to blow up anytime. There is a financial saying that “All crashes begin with the seed of success”. Bitcoin is one financial instrument where investors come up with too much of leverage to boost their returns, compounding their woes.
In case if you havent heard about the digital currencies Bitcoin and Ethereum, in the last three months Bitcoin value has risen exponentially to 150% and more than 400% in the last 1 year alone. Demand for crypto currencies soared with the creation of new tokens to raise funding for start-ups using blockchain technology. New […]
Which one will be consider as the alternative currency Gold or Bitcoin in the future? Will a physical gold will be the future currency or the virtual currecy like bitcoins. The following infographic provides a succinct illustration of the similarities and differences between gold and bitcoin.
Online gaming is very often confused with online betting and the arrests made in the connection. Gambling laws are outdated and colonial in nature needs urgent notice for modification. The recent abuse has led the authorities to gear up and construe a program towards direction for more clarity. Irrespective of this, the online gaming has seeped into the blood of Indians, and thriving.
MT-GOX, once regarded as the World’s biggest Bitcoin exchange, suddenly stopped trading last Tuesday. The spokesperson for MT-GOX affirmed the news, indicating that the business was at a “turning point”, which parked concern about the upcoming future of the virtual currency.
Bitcoin is one of the first implementations of a concept called crypto-currency, The Bitcoin is a form of currency without notes and coins, it is a digital currency. For those who are interested to know how the bitcoin economy functions here is a quick infographic from Reuters.
Bitcoin the Virtual currency in the last two days falled heavily from 900 levels to sub 700 levels and looks like some one had pressed the panic sell button. Mt. Gox, one of the world’s biggest Bitcoin trading exchanges, has temporarily suspended all Bitcoin withdrawals with immediate effect.
Reserve bank on Indian on its circular issued a warning to all Virtual Currency users including Bitcoin users in India about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.
Here is a simple Bitcoin data plugin for AmiBroker written on C# with non official AmiBroker Plugin SDK. This plugin provides EOD, 1min, 15min, hourly feeds for virtual Bitcoin exchanges like BTCE,MTGox,Virwox ; where MtGox, called “Mount Gox” or “MTGOX”, has been the most widely used bitcoin currency exchange market since it was started, and remains the largest in terms of popularity and volume.