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Tag Archives: Editorials

Opinion: Bitcoin Just Proved Itself to Be The Perfect Asset In A Financial Crisis

While the US stock market saw its steepest one-day sell-off since Black Monday in 1987, Bitcoin saw its steepest one-day sell-off in its ten-year history, just a few days before.But don’t worry, that was institutional money running from everything Thursday. Of course, it ran from the risky cryptocurrency industry. Don’t forget that institutional investors getting into Bitcoin was a massive driver of its price growth over 2019. So Bitcoin just lost a bunch of people who don’t believe in it–...

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Opinion: The Fed’s Emergency Rate Cut Proves The Current Financial System is Helpless And In Panic

The world economy is in a state of emergency. Stocks are plunging continuously as investors are timid of the spreading novel coronavirus. While China appears to have managed to handle the situation and reports close to zero cases on a daily basis, countries from the European Union and the US see exponential increases.In yet another attempt to provide a helping hand to the markets, the US announced a second rate cut, bringing down interests to a near-zero. Additionally, the Fed will be buying...

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5 Reasons Why Bitcoin Price Crashed Amid The Coronavirus Financial Crisis

Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus.Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners.The following article will try to examine what led to the massive sell-off and will end in a little hope that Bitcoin might not have said its final word yet...

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The Crypto Twitter Experts Are Now Bearish On Bitcoin, But Maybe It’s Time To Buy Bitcoin?

Volatility in the cryptocurrency market is something somewhat expected. Aside from the price swing, however, the community’s opinions and predictions could change just as quickly.For instance, Bitcoin, and the rest of the cryptocurrency market, went through a severe nosedive a few days ago, which brought the price of the largest digital asset to as low as $3,600 on BitMEX. All of a sudden, most popular influencers switched their previous bullish views to a full-on bear mode.Change Of Heart...

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6 Reasons Why Coronavirus Will Carry The World Into Next Global Financial Crisis After 2008

As a seemingly endless stream of reports continues to pour in surrounding the coronavirus, many are becoming increasingly concerned over the effects this global pandemic could have on the global financial system.In fact, the outbreak is shaping up to potentially cause one of the worst financial crashes of all time. With some even saying that the current pandemic will be just as bad as the Wall Street Crash of 1929, the Dotcom bubble of the early 2000s, and the Global Financial Crash of...

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General Crypto Sentiment Indicates Extreme Fear Following Bitcoin’s Crash: History Proves This Might Be An Opportunity

The cryptocurrency market plunge started during the weekend and continues as of writing these lines. Bitcoin dumped with over 15%. Naturally, the general sentiment among the crypto community has changed. Some speculate that the 2020 bullish trend is now over and that investors should prepare for even worse consequences.Market Sentiment Follows The PriceIt’s safe to say that the cryptocurrency market has seen better times. In a matter of three days, the total market capitalization went from...

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Report: Transaction of One Bitcoin Consumes More Electricity Than A British Household In 2 Months

A recent report indicated that one transaction involving the largest cryptocurrency uses the same amount of electricity as a British household for nearly two months.98% Of Mining Rigs Never AchieveEssentially, Bitcoin mining is the process of creating new coins and confirming initiated transactions. It’s executed by “miners,” who are solving complicated equations. On average, every 10 minutes, a new block is added to the giant distributed public ledger of already existing transactions,...

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2 Possible Reasons Why This Week’s Emergency Fed Rate Cut Boosted The Value of Bitcoin

The Federal Reserve cut interest rates this week. While the central bank was hoping to boost the falling stock market, the move seemed to spook investors. All the major US stock market benchmarks swung upward for just one day on Wednesday after the cut.But investors continued to dump equities Thursday. On Tuesday, when the Fed rate cut was announced, the stock market ended the trading session with a loss.It seems the Fed’s efforts to save the stock market were a terrifying confirmation of the...

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Safe-Haven Or Not: Why Bitcoin Price Is Correlated With Wall Street Over The Past Week?

After overheating for months to pie-in-the-sky valuations, the stock markets are finally cooling down. Coronavirus may have been the catalyst, but market analysts worth their salt knew the correction was looming.The Buffett Indicator (the total market cap of the US stock market divided by US GDP) has surpassed the pre-Great Recession and pre-Dot Com bubble pop levels for weeks. Corporate multiples like forwarding stock price to earnings ratio haven’t been promising either.And then there were...

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Opinion: How Blockchain Will Power The Electricity Grid of The Future

Earlier this month, under its “The Future of Everything” vertical, The Wall Street Journal reported how AI is improving the power grid. The Journal says artificial intelligence is “the key to keeping the lights on.” The article explains how power companies are “turning to AI, drones, and sensors to curtail outages, save money, and help operate an increasingly complex electricity grid.”Further, by doing so, they cut the recovery time from hurricane-related outages nearly in half in just a...

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