Many so-called Wall Street experts have come forward over the years to criticize bitcoin and other cryptocurrencies. Some see bitcoin as a bubble and that it will soon burst at the expense of investors and speculators. Others believe that the top cryptocurrency will eventually die because of its inability to scale. Continue reading Ignorant Wealth Manager Says Bitcoin Collapse Is Imminent
Many bitcoin traders laugh at the idea of HODL (holding on for dear life). They think that it is not a sound trading or investing strategy. If you buy and hold on the way down, it’s very likely that you’ll use the same approach on the way up. The rigidity of this method makes it difficult for many investors to lock in gains. Continue reading Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme
Bitcoin mining is a delicate balance of these three factors: equipment efficiency, electricity costs, and bitcoin price. Miners often have control over the first two factors but they are at the mercy of the dominant cyptocurrency’s volatility. Fortunately for miners, there’s one event that can help them stay profitable. Continue reading Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market
Times are good at Grayscale Investments, which has had the wind at its back lately. The digital asset investment firm just experienced its best quarter ever, as evidenced by a record-setting $254.9 million flowing into its funds in Q3 2019, which is about three times as much as Q2 results of roughly $85 million. Much of the funds are being directed toward bitcoin via the Grayscale Bitcoin Trust, with more than $170 million flooding the flagship fund and setting yet another record for the firm. Grayscale’s trend of attracting institutional capital from the likes of hedge funds persisted, with more than three-quarters of inflows originating from this group. Continue reading Grayscale Reveals Blockbuster Q3. So Why Is Bitcoin Stuck?
Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future. Continue reading Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader