bitcoin

Opinion: Believe it or not, bitcoin has become a good long-term investment

Until recently, as an investment, bitcoin has had unique and pronounced risks, but that’s changing, with new rules and regulations that have spurred wider institutional adoption. Throughout its 12-year history, the world’s most valuable cryptocurrency has faced extreme volatility, with prices rising and falling as much as 10% on any given day — reaching an all-time high of more than $41,000 earlier this month. Beyond wild price swings, bitcoin also has structural issues that most asset… Source link

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The 3 Worst Ways to Invest in Bitcoin

Despite a tumultuous 2020, one investment stood head and shoulders above all others: bitcoin. The largest cryptocurrency in the world by market cap has more than quadrupled in value over the trailing-12-month period through Jan. 17. It’s up a cool 9,310% over the trailing five years. Bitcoin blows pretty much all other equity investments out of the water, in terms of total return, since the beginning of 2016. Bitcoin enthusiasts continue to point to its scarcity — a maximum of 21… Source link

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LTC stuck between 21 and 50-DMAs, lacks clear directional bias

Battle lines well-defined for the LTC/USD traders on the daily chart. A potential Doji candlestick charted with neutral RSI. Litecoin awaits a strong catalyst to determine the next direction. Following Friday’s solid rebound from multi-day lows of $123, Litecoin (LTC/USD) lacks a follow-through bias, as the bulls and bears get into a tug-of-war this Saturday. At the press time, the digital asset trades little changed on the day near the $137 region, unable to… Source link

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An early bitcoin investor says the best time to buy is when nobody’s talking about it – and warns this isn’t the first crypto bubble | Currency News | Financial and Business News

Nicolas Economou/NurPhoto via Getty Images The ultimate time to buy bitcoin is when no one is talking about it, according to one early adopter. “The best time to buy bitcoin is whenever blood is on the street, everyone’s panicking, and no one’s talking about it,” the investor, who prefers to remain anonymous, told Insider in a phone interview from Manila, Philippines.  In 2013, he made an initial purchase of 2.5 bitcoins from a seller who went by the name “Mang Sweeney” on Source link

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Chainlink now bigger than Litecoin as LINK price hits new high above $24 — What’s next?

Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs, making… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 23rd, 2021

Ethereum Ethereum rallied by 11.07% on Friday. Partially reversing Thursday’s 19.35% slump, Ethereum ended the day at $1,233.60. A bearish start to the day saw Ethereum slide to an early morning intraday low $1,039.62 before making a move. Steering clear of the first major support level at $998, Ethereum rallied to a late intraday high $1,275.99. While coming up short of the first major resistance level at $1,307, Ethereum broke through the 23.6% FIB of $1,119. A bearish end to the day saw… Source link

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Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021

Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 19.Source: TradingView

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Stop the Fixation With Bitcoin and Invest in Ethereum

The recent surge in popular cryptocurrency Bitcoin (CCC:BTC-USD) has sparked an increase in other cryptocurrencies’ prices. Right now, Ethereum’s (CCC:ETH-USD) Ether is the second most valuable altcoin and is up roughly 100% in the past month. Source: Shutterstock As such, institutional investors should start looking at Ethereum with similar engrossment as they do Bitcoin — the cryptocurrency should grow substantially following a constriction in supply as well as with the… Source link

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Bitcoin on track for biggest weekly fall since September as Janet Yellen and ‘double spend’ spook traders | Currency News | Financial and Business News

Bitcoin has had a volatile couple of weeks after hitting a record high of close to $42,000 R.Tsubin/Getty Images The bitcoin price was set for its biggest one-week fall since September on Friday morning, having slipped around 9% since Monday. Bitcoin – which hit an all-time high of close to $42,000 on January 8 – tumbled to around $28,000 in early Asia trading. But it then recovered to around $32,537 by Friday morning. That means it is down about 9.2% since Monday, putting it… Source link

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Bitcoin heads for worst week since September as scrutiny builds

Bitcoin has lost a tenth of its value this week, putting it on course for its worst run since a steep sell-off in September, as global regulators turn their gaze towards the controversial cryptocurrency. Despite a mini-rally on Friday, bitcoin was trading around $32,000 by late afternoon in London — on track for a second consecutive weekly drop after a dramatic rally through the turn of the year. The move lower had been stoked by industry reports that the same token had… Source link

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