People looking for any positive momentum in the cryptocurrency industry may not be all that pleased with how things are going right now. Everything is in the deep red, with some currencies noting rather spectacular losses. The biggest concern is the Bitcoin price, which has effectively dropped below $7,500 for the first time in five weeks. The Bitcoin Price is Getting Battered It is evident things are not going according to plan as far as the Bitcoin price is concerned. While there has been some interesting momentum in early March and throughout late April and early May, things have fallenPowered by WPeMatico
Picking a winner in this year’s crypto markets has been a tough task. With assets deprecated across the board, even the best performing coins are in the red. To put it more accurately then, these are the least worst performing cryptocurrencies of 2018. Also read: Eight Ways to Profit in a Crypto Bear Market None of […]
You’ve heard of hyberbitcoinization: how bitcoin could one day replace hyper-inflated fiat currencies. Now say hello to its lesser companion, hypertokenization: the idea that there should be a token for everything. Like salt and pepper, tokens are best enjoyed in moderation, but if the top stories from This Week in Bitcoin are an indicator, we […]
If the crypto winter has placed your altcoin trading on ice, you were never a trader to begin with. Any fool can make money in a bull market, but bear markets are where knowledge is gained and future profits are carved. Also read: Wendy McElroy: How Centralized Exchanges Intend to Devastate You Bear Markets Are Best […]
2018 has been a tough year for cryptocurrencies. It all started so promisingly, as January broke with the promise of $3 ripple and, in tron, an altcoin that was up 14,000% in 30 days. Things swiftly went south from there, and have been sinking ever since. Judged by their all-time high (ATH), the following coins […]
It’s too early to tell whether the crypto markets are out of the woods and inching back into the light. If a doctor was giving the prognosis, she would probably venture that we should remain “cautiously optimistic”. But if the top stories from this week in bitcoin are an indicator, there’s every reason to feel […]
Up until now, bitcoin has largely been behaving as an uncorrelated asset. This got a lot of people excited, categorizing bitcoin as a future digital gold or a safe haven asset. The worst thing about this recent dip in price ($5,873, GDAX) was not the decrease in the price itself. Much more daunting for bitcoin, […]
Doomsdayers out in force; Paul Krugman being Paul Krugman; Tether upto its usual tricks and the usual gamut of scams, schemes, and shakedowns. It’s been emotional. It’s been nerve-wracking. But it’s also been a total riot. Welcome to This Week in Bitcoin. Also read: Trading Tip `The Wall´ – I Was Wrong We’re All Gonna Make […]
We’re a week out from the largest correction the cryptocurrency market has seen since the Mt. Gox crash, and it looks like the market still isn’t done playing possum. Prices continued to bleed this Monday after a weekend dip that had most coins down from their 24hr highs. As crypto’s total market cap flirts with the $500bln threshold, you may be wondering, “Is last week’s correction still in full swing?” Please Sir, Can I (Not) Have Some More? If you’re asking whether or not we’ve seen the last of last week’s devastating correction, you’re not alone–I promise. While there’s no
During a remarkable year for Bitcoin, and especially the past six months, many altcoins have seen an ever-dwindling BTC price. In response, many traders have shifted their focus to prioritizing dollar profits rather than Bitcoin. While it is much easier to be USD-profitable while Bitcoin surges, there are still a number of strategies traders employ to continue to accumulate BTC, even while most alts have struggled to keep up with Bitcoin’s massive surge. Here are five strategies that allow traders to continue to profit while altcoins are red across the board. Trading on small exchanges In past altcoin bear trends, those coins that are traded on