BTC: THE GREATER THE STORM, THE GREATER THE RAINBOW
If you follow the price of Bitcoin (BTC) you will have definitely noticed over the last few weeks that BTC has continued to hold a sideways position, and dropping from a high of around $12,000 USD back down to hold around the $8,000 mark. Bitcoin trader and well known activist on Twitter “Crypto Michael” suggests that the longer the current sideways accumulation continues for BTC, the stronger the next Bull Run will be for the top ranked digital currency. “If this was a real parabolic move, Bitcoin would already be back at $6,000 by now. The longer we range and …
BTC – THE BEST PERFORMING ASSET EVER “STILL VERY CHEAP”
Earlier this year (2019) the Wall Street Journal crowned Bitcoin (BTC) as the best investment of 2019, and the biggest winner, running circles around all other asset classes. One Bitcoinist article reported, “It’s better than gold. It’s better than Apple Stock. 30 percent of young adults prefer Bitcoin to stocks.” BTC is still considered to this day a “safe haven asset”, with a leading analyst stating that Bitcoin’s rally is just getting started, and there are many reasons for this. Bitcoin is undervalued Raoul Pal, former executive of Goldman Sach’s European Hedge Fund sales business claims that Bitcoin is “still …
“PRICE FOLLOWS HASH” – BTC NETWORK POWER NEARS 90 QUINTILLION HASHES PER SECOND
The computing power of the Bitcoin (BTC) network reached an all time high in early August, and we have just seen another sharp increase with the hashing rate growing by 25 percent in just one week. Data from the monitoring resource Blockchain now puts Bitcoins hashing rate at a mind blowing 87 quintillion hashed per second, as of the 3rd September 2019. The hash rate refers to the overall computing power that is involved in processing Bitcoin transactions. The more hashing power a Blockchain, Bitcoin network or system of computers has, the more power is available to them, this then …
BITCOIN MINING TOPS $14 BILLION IN REVENUE
In recent data published by Coin Metrics, Bitcoin mining revenue has gone to an all time high breaking $14 billion, and miners are earning more than ever before. This time last year, the mining revenue broke $10 billion, and is on track to break $15 billion come early 2020. Since the end of 2017, the bitcoin hashrate has too exploded after the last Bull Run, which saw the price of Bitcoin hit historic highs of around $20,000. The hashrate rose from 15 exhashes at the beginning of 2018 to 60 exhashes come August 2018, and now it has reached even …
FAMILY OF 5 TRAVELLING THE WORLD COMPLETELY FUNDED BY BTC MINING
Meet the Taihuttu family; a family of five travelling the world for the last 2.5 years funded 100 percent by Bitcoin (BTC). In a recent interview conducted by cryptonews.com, Didi shared his story of how and why they made the decision to live and travel with his wife and three children, completely funded by BTC. When Didi’s father passed away in January 2016, he was burnt out from running two businesses and questioned his quality of lifestyle that he was sharing with his family. Didi, who entered the cryptocurrency mining arena in 2013, already knew of the benefits of mining …
THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
BTC – HAIL THE NEW CURRENCY
Bitcoin (BTC) has a unique nature that puts it far above any other currency types on the market, especially the unstable and unreliable fiat currencies currently in circulation. BTC is the currency of the modern age, and as we have seen before in the histories of monetary usage and reliability, it is a great alternative to what is currently available. Throughout history we have expanded, explored and moved with the times and we have seen the evolution of money change dramatically, and for the better. We moved from the barter trade to gold, through to the metal coin and onto …
AUSTRALIAN PROPERTY MARKET IN “DEEP TROUBLE” BUT THERE IS A BETTER INVESTMENT FOR YOU
The Australian property market is in dire straits, with the Barefoot Investor, Scott Pape, warning all Australians that the housing market is in “deep trouble” and on the brink of collapse, and we are living through “monetary madness.” Currently the Australian economy is in a strikingly similar situation as what the Irish economy was in before it inevitably crashed. Due to the central banks cutting rates to an all time low of 1.25 percent, and the new Prime Minister, Scott Morrison’s new policy plan to further help people buy their first home, this will only allow more people the ability …
BITCOIN AND GOLD – “TO COMPARE THEM IS MADNESS
Bitcoin and Gold have been debated on for some time now that their characteristics are alike, “To compare them is madness.” John McAfee, founder and CEO of McAfee has stated in his latest tweet, “The difference between Gold and Bitcoin? Gold is a commodity, occupying space, with mass, temperature, shape. Bitcoin is an idea, made manifest through a series of numbers, with no true location or substance – a clever concept with infinite fluidity. To compare them is madness.” McAfee is not alone in his thoughts that Gold and Bitcoin should under no circumstance be compared with each other. Recently …
BITCOIN (BTC) ADDED TO MICROSOFT EXCEL AS A CURRENCY OPTION
The world is catching up to speed with the notion that Bitcoin is now a part of our everyday lives and is now acknowledged as mainstream. Microsoft has recently added Bitcoin (BTC) as a currency option to the Microsoft Office Excel program’s list of currencies. Martin Butler, Account Executive of Globals at Microsoft wrote, “Excel will be able to recognize, format, calculate, and analyse numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel mobile versions as well.” Microsoft has been a long-time supporter …
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