BTC PRICE UP BY 838 MILLION PERCENT IN LAST 10 YEARS
There has been no other asset in history like Bitcoin (BTC). BTC has made astonishing amounts of progress that no other asset has experiences in term of gains in value, and its digital scarcity mechanism has undoubtedly worked and passed the market test as we see the price continue to increase even in regard of the amount of volatility that BTC is currently experiencing. If we look at the history of BTC over the last ten years the upward movement cannot be disagreed with. This time ten years ago just over 5000 Bitcoins were sold for just over $5 in …
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 …
HOT GOSSIP – BTC HALVING EVENT DUE TO COME EARLIER THAN EXPECTED
The Bitcoin (BTC) halving date my come earlier than the expected May 2020 date previously proposed. Due to the recent major increase in the hash rate of BTC, traders globally are now speculating that the halving will now come early than expected. For this halving however, the change of the date is not affecting the BTC price action in any way. When does the Bitcoin halving occur? Bitcoin halving occurs when a total of 210,000 blocks are successfully mined, once this number has been reached, the award on each individual block is reduced to half. A Blockchain halving event has …
BITCOIN – A SAFE HAVEN ASSET IN THE INVESTMENT WORLD
Bitcoin (BTC) is becoming mainstream, wether we like it or not, and with the hashing power reaching all new time highs, we need to start taking Bitcoin (BTC) as a safe investment very seriously, because it is not going anywhere. Cryptocurrency trader, Murad Mahmudov, has stated that Bitcoin will be the biggest winner in spite of the changing tide, which is developing in the investment scene, claiming it to be a safe haven asset. This comes at a time where once again we are seeing monetary policies of governments and central banks all across the globe continuing to push the …
NGS CRYPTO MEMBERS WITHDRAW SHOCKING AMOUNT OUT OF THEIR MINING INVESTMENT
Australia’s leading digital currencies mining firm has just released how much money their members have withdrawn, and the amount is astonishing. During the 18/19 financial year alone, NGS Members withdrew $310,571.67 to spend and use however they desired. NGS Crypto expects that the amount of withdrawals will skyrocket once the price of Bitcoin (BTC) goes through the roof again, with the BTC halving looming. NGS Members are making the most of the investment service and are enjoying their newfound financial freedom they have created for themselves, with the help from NGS Crypto. “This is a no brainer. It was easy …
“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 …
AUSTRALIAS FASTEST GROWING CRYPTO FIRM ADDS TO THEIR PROFESSIONAL TEAM
NGS Crypto is very pleased to announce that they’re professional team is growing yet again. Andrew Langvan, previous finance broker for NAB, has been newly appointed as the Member Liaison Officer, ensuring that all members of NGS Crypto receive the best quality customer service available to them. Langvan first began his career with NAB, where he moved through the ranks over a period of three years, climbing from the acquisitions department, through to the financial planning referral department, to later become an executive finance broker. It was during Langvan’s time at NAB that he first become interested and involved in …
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 …
AUSTRALIA’S LEADING MINING FARM UPGRADING TO TOP OF THE LINE TECHNOLOGY
NGS Crypto, Australia’s leading digital currency mining firm, has announced earlier this week that they are currently in the process of installing liquid cooling to all of their mining machines. Liquid cooling, or also known as water-cooling, is top of the line technology due to its unmatched thermal performance. This means that all machines running through the NGS Blockchain now uses the best cooling system on the planet, which is the only cooling system which allows for successful heat removal from critical spots within the machine that air cooling cannot reach. This new technology is an exciting step forward for …
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