Tag Archives: Bitcoin Opinion

The decentralized finance (De Fi) arena is growing rapidly despite the recent falls of cryptocurrencies.De Fi: The Future of Money?As digital currency assets are dropping in price thanks to the coronavirus pandemic, the industry of decentralized finance is experiencing positive results. The arena centers on users providing and receiving digital currency payments to garner goods and services without the necessity of third parties or regulatory steps.Bobby Ong – the co-founder of Coin Gecko, a...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $8,700.Bitcoin – On a Path to Recovery?Yesterday, the asset was trading at a measly $8,300, the lowest it has been in some time. Thus, the currency has shot up by more than $300 in just 24 hours. Not only is this good news, but it also suggests some truth to a recent piece suggesting that bitcoin, despite all the global problems it was facing, would not fall below the $8,200 line...

So much for having a crypto-loving president. Andrew Yang, who over the last year has garnered a reputation as being the “crypto presidential candidate,” has dropped out of the 2020 race.Andrew Yang Ends His Bid for PresidentAndrew Yang has long pushed himself as the man who would potentially revamp all crypto regulations when he got into the White House. One of his big claims to fame was that he was going to make all present laws and rules regarding cryptocurrency readable and...

As we’ve been witnessing since the beginning of January, bitcoin has been on a very serious roll. It’s shot up nearly $3,000 at the time of writing, beginning the month at a measly $6,900 and then firing up to approximately $9,300.Bitcoin May Not Be Out of the Dark Just YetWhy then, are there certain individuals afoot who still don’t think the currency is in great shape? While they acknowledge that bitcoin is doing well and potentially picking itself up out of the doldrums it experienced at...

There is great fear traveling through the crypto space… Fear that somewhere down the line, bank-issued cryptocurrencies will somehow replace bitcoin and its altcoin counterparts.Will Bitcoin Be Replaced?But is that fear valid? We need to look at a few facts before we can make an official decision. For one thing, these cryptocurrencies issued by financial institutions will be centralized, meaning the banks will be in control of who receives the crypto units and what they can be used for. This...

Bitcoin is continuing its bullish price run and is now trading above the $7,500 mark.Bitcoin Is Still on a RollThe currency has been gaining steam a little at a time – usually $100 here, followed by $100 there. Bitcoin initially ended last week at roughly $7,300 but has gained $200 from there.This goes back to the argument we reiterated in yesterday’s piece. The way for BTC to get ahead is through a slow and steady pattern; not all at once. The latter method was already utilized and witnessed...

Bitcoin has had something of a shaky start in 2020, but the currency has managed to remain above the $7,000 line, which is always a good thing.Bitcoin Trading Volume Isn’t High EnoughAccording to one source, however, cryptocurrency enthusiasts and analysts are focusing too much on the movement of the price and not enough on the daily doings that occur behind closed doors. It points out that bitcoin volumes are as low as they were in April of last year, which could lead to an increase in...

At the time of writing, bitcoin – the number one cryptocurrency by market cap – is trading above $7,400, which is the highest it’s been in the new year and the highest it’s been in a while.Things Are Both Shaky and Stable for BitcoinTo say things have gotten off to a rocky start for bitcoin in 2020 would be a bit of an understatement. While the currency did begin above $7,000, enthusiasts and traders everywhere got a bit of a scare when two days later, the currency fell into the $6,000 range...

We’re just a few days into the new year, and bitcoin is continuing to show signs of depreciation.Bitcoin Continues to Head SouthThe currency remains a popular investment, but bitcoin’s price has started 2020 out with a few significant nosedives. The currency has fallen (once again) below the $7,000 line, and many are wondering if the year will continue to take bitcoin on a whirlwind of drops.While it’s probably too early to tell, 2020 is simply continuing the trends set forth by the previous...

Bitcoin may be down, but it’s still given users a lot of happiness.Bitcoin Has Outdone All Other InvestmentsPer one source, the currency has risen by more than nine million percent over the past ten years. The 2010s were an up-and-down decade. Many were recovering from the Great Recession that had occurred roughly two years earlier, and several people in the U.S. who had worked in the manufacturing industry were stuck looking for new jobs given that the country had shipped many of its...