A bitcoin analyst and blogger confirms that the recent rise in the bitcoin price was not due to any kind of organic investor flow. My theory was that crypto whale traders swooped in late last year not merely because of the 85% decline in BTC but because of a key technical trading factor – and nothing more. Continue reading Crypto Whale Buying Activity Is Good and Bad News for Bitcoin Bulls
Ethereum Classic (ETC) is thriving during one of the toughest times in its entire history. This bear market has been hard on most blockchain projects but in our view, Ethereum Classic (ETC) tops the list. This is because the core development team that has been working on Ethereum Classic (ETC) all these years decided to leave because of funding problems that the prolonged bear market created. Continue reading Ethereum Classic (ETC) Is Proof Good Projects Thrive Even In Bad Times
There is a belief among some in the cryptosphere that a global recession or cataclysmic events are bound to imbue the populace with a sudden desire for cryptocurrencies. Continue reading Op-ed: Would a Global Recession be Good for Bitcoin?
A bitcoin investor who lost $1 million in the bear market still believes the original cryptocurrency is a “force for good.” However, Peter McCormack warns others to be more careful with their money. Continue reading Bitcoin Investor Who Lost $1 Million: Crypto Still ‘a Force for Good’
Even the most ardent crypto evangelist must admit that bitcoin appears to have been the worst investment of 2018, at least in pure dollar terms. The cryptocurrency has lost almost 80 percent of its market capitalization since it established an all-time high at around $327.15 billion. The adoption rate and volume have dropped likewise. Organizations that were planning to launch their bitcoin-based services have delayed their projects or scrapped them entirely. As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. Continue reading Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto