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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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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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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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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First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD

Bitcoin (BTC) appeared to stabilize above $31,000 after Thursday’s plunge, the biggest since March.  “A break of $30,000 could have been bad news but it managed to turn things round,” Craig Erlam, senior market analyst for the London-based foreign-exchange brokerage Oanda, told clients early Friday in an email. “We may see a small rebound now, just as we did earlier this month. But the price action we’ve seen this month suggests there’s some nervousness around these levels.”

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Bitcoin Faces Further Losses Before Rally Restarts, Say Analysts

Bitcoin’s shorter-term price woes are likely not over yet, analysts say, with one predicting a decline to $26,000. The cryptocurrency fell by 13% on Thursday in a spot market sell-off, hitting a low of $28,845 earlier on Friday, the lowest level since Jan. 4. In the hours since, the cryptocurrency has regained some poise to trade back above $31,000. “I’m not sure the low of $28,000 seen early Friday is the bottom,” Ki-Young Ju, CEO of blockchain analytics firm CryptoQuant, told… Source link

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Bitcoin bites: Cryptocurrency closes at three-week low | Coronavirus pandemic News

Bitcoin tumbles as much as 11.3 percent on Thursday, sliding below $31,000. Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzling rally gives way to pessimism that prices are too high. Bitcoin tumbled as much as 11.3% Thursday, sliding below $31,000. The largest digital asset has trended lower ever since breaking through $40,000, and losses have accelerated in the past two days. While soaring crypto prices fueled a speculative mania among the Robinhood crowd,… Source link

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