This post relates to the Bitcoin price decline of Friday, December 22, 2017. According to Coinmarketcap, Bitcoin's quotation peaked on Thursday December 21 at around $17,380.00, and it fell from there to Friday’s low of $12,009.00. This represents a drop of 30% in a single day. Here is the seven-day chart illustrating this: So, what happened? … Continue reading Why Is the Bitcoin Price Going Down?
Yes - the best time to invest in Bitcoin is when this decision is supported by strong fundamental data (favorable news like CME and CBOE starting Bitcoin futures trading and so on). When we speak from a technical analytical side, the best time to enter the market is when the Bitcoin price starts to rise … Continue reading Should You Invest in Bitcoin When the Value Is Down?
Under some conditions and to some extent, yes, but generally speaking no. Traditional home mining rigs are out of the question when it comes to Bitcoin. To mine one Bitcoin from home would take an incredibly long period of time. If you live somewhere where the electricity is ridiculously cheap, there is some possibility for … Continue reading Is Bitcoin Mining Still Profitable?
As with every cryptocurrency, it is very hard to predict the fluctuation in prices. Nevertheless, Ripple kept growing through five major leaps where its price multiplied over a short period of time. Although Ripple has its inherent value, some other conditions benefited its development and growth as well. Ripple happened at a good time and … Continue reading Will Ripple Reach $100 or More in the Next Year?
It is rather difficult to determine whether something different would cause a crash, soar or fall in price, but most would agree that there would be no difference. Price is determined by the rules of supply and demand. In this regard, Bitcoin is similar to any other market. When supply is high, prices will generally … Continue reading What Can Cause a Bitcoin Crash or Drastic Price Change?
You’re definitely not too late to buy Bitcoin. There are so many exchanges that can help you with this and that are working hard to offer their clients all the necessary conditions to purchase Bitcoin and other cryptocurrencies. Now, if you mean to make a profit from Bitcoin, it depends. At the time this is … Continue reading Is It Too Late to Invest in Bitcoin?
First of all, you should know that Warren Buffett only invests in assets that he understands very well. Even if he knows about Bitcoin, it doesn’t necessarily mean that he has a deep understanding of it. In fact, this is the first reason why he was critical about Bitcoin. A Forbes article further expands on … Continue reading Why Hasn’t Warren Buffett Invested in Any Cryptocurrencies?
The Bitcoin network, in general, operates similarly to centralized monetary institutions. Still, there are some big differences. The biggest difference is in the fact that there is no central authority that verifies transactions. That’s not to say transaction’s don’t get verified - transactions get verified by the general consensus of the users within a network. … Continue reading How Do Cryptocurrencies Like Bitcoin Work?
The main difference is in the concept. The Bitcoin is designed to become an online method of payment and currency in a strict meaning of that word. The Bitcoin is something invented for people to use in exchange for goods and service, although it became a place for day-traders and storage of value. Almost everybody … Continue reading What’s the Difference Between Ethereum Blockchain and Bitcoin Blockchain?
There are multiple possible scenarios. It can either go well or poorly, the main determining factor being the hardware the network relies on. Miners generally only exist for profit. Once every Bitcoin is mined, the miners will no longer have motivation for spending their time and money. There have been several propositions when it comes … Continue reading What Will Happen After the 21 Millionth Bitcoin Is Mined?