Cryptocurrency

BitCoin WILL Still Fail

Back in August 2014, I discovered that the bitcoin mining industry had the industrial structure of a natural monopoly. A natural monopoly is a market in which production is most efficient with a single producer. This discovery came as a shock, but the implication was clear: Bitcoin could not survive in the long run. As …

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Bitcoin Drops Again Despite Record Low

bitcoin drops in price

Bitcoin drops in price despite the oversold conditions signaled on the technical charts for the last six days. The leading cryptocurrency by market capitalization fell to $4,200 soon before press time – a price low not seen since Oct. 5, 2017 – and was last seen trading at $4,484, according to CoinDesk’s Bitcoin Price Index (BPI). Notably, …

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Bitcoin Value Will Hit $50K in 2018

bitcoin value

Ran NeuNer, the host of CNBC’s CryptoTrader show, has rescinded his earlier prediction that Bitcoin (BTC) will reach $50,000 by the end of 2018, in a tweet Thursday, Nov. 1. NeuNer’s original prediction post from Feb.1, 2018 stated: “For the record, I am pinning this tweet. Bitcoin will finish 2018 at $50 000.” In his tweet today, the analyst stated the exact opposite of …

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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

coindesk bitcoin price coin guide

[corner-ad id=”1″] The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high. Market data shows that the cryptocurrency’s price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap data shows. The price of BCH …

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BitCoin Turns 10 Years Old – from NOTHING to BILLIONS

bitcoin turns 10 years old

Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. On October 31, 2008 bitcoin was born — and in the past ten years has evolved from an anti-establishment hobby among coders to a household name on …

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Initiative Q | The Next BitCoin?

initiative q

Initiative Q is not, in any way, a cryptocurrency. But it might just be the new Bitcoin. In just four months, the ‘payment system of the future’ has built a network of nearly three million adopters by offering ever-decreasing sums of their future currency in exchange for an e-mail address. Despite attracting over 100,000 new users each day, …

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Bitcoin’s Theoretical Price Ceiling Is Now $100k Per Coin

bitcoin value

Oct. 8, 2018 10:51 AM ET  It is possible to identify a theoretical price ceiling for Bitcoin simply by measuring the maximum throughput of the network. The soft limit and the hard limit differ, but each tells a similar story. By comparing the price today to the theoretical maximum price, we can limit downside exposure. …

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