Time-Travelling Trader Sends Bitcoin Price to $15,000 on OKCoinThe bitcoin price experienced a double-digit rally on Wednesday morning, enabling it to climb back across the $7,000 threshold. However, due to an apparent bug — or something far more interesting — the bitcoin price soared much, much higher on bitcoin exchange OKCoin. OKCoin ‘Bug’ Sends Bitcoin Price Soaring Past $15,000Reports on social media identified strange trading behavior at OKCoin, whose bitcoin price ticker showed that the most prominent cryptocurrency had experienced a 24-hour increase of 123.21%, raising it to a new “all-time high” of $15,151. #Bitcoin @ #okcoin Exchange 😂👍🏻, pic.twitter.com/9HW9o0Rzrd — Nikstrade OÜ (@Nikstrade) November 15, 2017 Historic Flash CrashThat’s a steep price to pay for bitcoin — even for Zimbabweans — but further evidence reveals that it is actually a steep drop-off from BTC’s 24-hour high, which OKCoin reports touched the $10 million mark. Consequently, bitcoin apparently experienced a 99.8% flash crash during intraday trading before bottoming out just above $15,000. Did someone just buy BTC for $ 10 million on OKCOIN!?? or are their books broken? #bitcoin $BTC #okcoin #cryptocurrency #ATH pic.twitter.com/VtZm04LHhY — CRYPTO_AFRICA (@CRYPTO_AFRICA) November 15, 2017 OKCoin Chronicles Trades from the FutureBut that’s not all. In a development that will provide conspiracy theorists with ample fodder for the foreseeable future, OKCoin apparently began transmitting pricing data from the future. Perhaps, confirming one news program’s wild speculation from earlier this year, the bitcoin price does crack the $1 billion mark in the future, leading an enterprising individual to travel back in time to purchase bitcoin when it was “only $10 million”. Breaking News: #OKCoin suffers a break in the space time continuum and transmitted pricing data from the future. pic.twitter.com/6O2ZfNJPAq — CryptoCompare (@CryptoCompare) November 15, 2017 ‘Bug’ or Government Cover-Up?At the time of writing, OKCoin’s website had been taken offline. In the coming days, it is likely that the exchange will release a statement apologizing for the outage and attributing the erratic pricing behavior to a bug, and trading data will subsequently be wiped from the record. Most people will believe them, but truly insightful individuals will see through the facade, recognizing that this statement was likely written by a clandestine government agency and published by the exchange operator under duress in order to conceal evidence of time travelers from reaching the general public. Source: https://www.cryptocoinsnews.com/time-travelling-trader-sends-bitcoin-price-15000-okcoin/
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Bitcoin Price Returns Above $7,500, Hits 7-Day HighIt’s been a bullish few days for the crypto market cap as bitcoin price broke above $7,500 to hit a fresh 7-day high. It has been a week of extreme volatility for the world’s most prominent cryptocurrency. Bitcoin prices declined to $5,500 during the weekend after the cancellation of the Segwit2x fork that led to investors partaking in a massive sell-off that coincided with tremendous gains for Bitcoin Cash (BCH). Come Monday, bitcoin price was trading back above $6,500 following an inverse Bitcoin Cash sell-off that saw the alternative cryptocurrency drop by 22$ in a single day. Bitcoin price soared above $7,000 on Wednesday, leading the charge for a bullish crypto-market that hit a record all-time high above $217 billion. That continued momentum has stuck, as bitcoin prices climbed back above $7,500 during Thursday’s trading, reaching a new 7-day high of $7,558 (Bitfinex). At the time of publishing, bitcoin price is trading to the dollar at $7,450.  10-day Bitfinex bitcoin price chart. Courtesy: BitcoinWisdomAltogether, bitcoin price has gained nearly 13% since the turn of Wednesday’s trading and is up 39% from its lowest point on Sunday. Source: https://www.cryptocoinsnews.com/newsflash-bitcoin-price-returns-7500-hits-7-day-high/
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A bitcoin-buying feature helped Square’s stock price, but the news is even better for bitcoin Jack Dorsey | Square & Twitter CEO Jack Dorsey’s other company, the payments firm Square, introduced a feature to buy, sell, and hold bitcoin in its Square Cash app in the past week, Forbes reported. This was rolled out to a “small number” of Square Cash users to start with, the firm said in a statement. It was good for Square’s stock, which rose up to 5% in intraday trading. Square is already having a good year, with its stock up nearly 200% in 2017 so far. Dorsey has long talked up the potential of cryptocurrencies, calling it “the next big unlock” in technology. It looks like Square’s users also shared this view, and have been asking the firm for a bitcoin feature. “We’ve found that they are interested in using the Cash app to buy bitcoin,” Square said in a statement. “We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here.” Square Cash is the firm’s peer-to-peer payments service—a little like Venmo—and it’s free to use. Dorsey has been cagey about releasing numbers, but we know it processed $1 billion in transactions two years after its launch, thanks to IPO documents in 2015. Square has successfully introduced fees to generate revenue from Square Cash in recent months, and a bitcoin brokerage service with a slick design and user experience could be worth paying for. The bitcoin feature wasn’t just good for Square: it turned out to be even better for bitcoin. Market pundit Jim Cramer pronounced the move “big” for Square and something that would normalize cryptocurrencies for the mainstream. “I think this is something big and it’s going to drive Square up, and it’s going to make people feel better about bitcoin,” he said on a CNBC broadcast. Just how good was Square’s move for bitcoin? The cryptocurrency gained about 12% yesterday following the Square news. Source: https://qz.com/1131180/bitcoin-btc-price-rose-12-after-square-sq-introduced-a-cryptocurrency-buying-feature/
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Won’t Let Bitcoin Go to Zero: CME Chief Quells Fears Ahead of December Bitcoin Bitcoin futures contracts are scheduled to launch in one month on the world’s largest derivatives exchange, and market analysts have nothing to fear. That’s according to Terry Duffy, chairman and CEO of the Chicago-based CME Group, which will soon become the first licensed U.S. derivatives exchange to list bitcoin futures contracts. Speaking with CNBC, Duffy revealed that CME plans to launch bitcoin futures trading during the second week of December. Previously, the exchange operator had provided a vaguer timeline, stating that it hoped to list them during the fourth quarter, pending regulatory approval, so many analysts doubted they would actually launch before the end of the year. But their impending launch makes some industry insider nervous. “For the first time, I am extremely scared,” Barron’s quotes Thomas Peterffy, head of derivatives trading firm Interactive Brokers Group, as saying. He says that he fears bitcoin’s volatility will make smaller firms more likely to fail to cover their margins, which could be as low as 2% on futures products. If bitcoin products are not isolated from the rest of the market, he says that that the failure of these small firms could reverberate throughout the exchange and render it less protected against risk. However, Duffy downplayed these concerns and assured skeptics that CME will implement restrictions designed to contain the inherent volatility of the bitcoin markets. “I’m not going to let it go to zero,” he said, adding that if the exchange has rules in place to handle liquidation-only events. He further explained that CME has “velocity logic functionality” tools — colloquially known as market “bumpers” — that enable the exchange operator to press pause on trading during periods of intense, precipitous volatility. These bumpers might pause bitcoin trading for as long as an hour, and the market will also have intraday limits to prevent the price from fluctuating too wildly within a single day of trading. “I should not be trying to predict the price of products. I’m here to manage the risks of products,” he concluded. Source: https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/
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Billionaire Bull Novogratz: Big Money is Coming to Bitcoin, Real SoonThe former hedge fund manager of Fortress Investment Group believes that institutional investors will adopt bitcoin in the next six months. Mike Novogratz, a retired Wall Street macro fund manager, firmly believes that financial companies will start offering bitcoin as an investment option. So much so, that he thinks it will be as simple as ordering over the phone, reports CNBC. Speaking at the Reuters Global 2018 Investment Outlook Summit in New York, Novogratz, who owns 10 percent of his net worth in bitcoin and ethereum, said: "When it’s that easy, the price of bitcoin or ethereum is going to go much higher. And that is a lot closer than people think". Novogratz, who is chief executive of Galaxy Investment Partners, a firm that bets on cryptocurrencies, claimed last month that Jamie Dimon, JPMorgan Chase CEO, was a ‘rent-taker‘ and that he’s going to lose the fight against cryptocurrencies. At the time, Novogratz was speaking out against Dimon’s ‘bitcoin is a fraud’ remark, stating that as a banker Dimon had no choice, but to belittle the digital currency. Yet, despite critics voicing their opinions about the market, the former hedge fund manager’s confidence with the cryptocurrency remains. So much so, that in October he was reported as saying that it would reach $10,000 in six to 10 months, claiming that institutional investors had already begun investing in bitcoin. However, while he believes that financial institutions will accept bitcoin in the next six months he failed to name any specific company, adding: "The institutionalization of this space is coming. It’s coming pretty quick". During bitcoin’s recent fall in value, which saw it drop to $5,500, Novogratz is reported to have bought $15 million to $20 million worth of the digital currency. One of his regrets was not purchasing more cryptocurrencies before when prices fell. He is now focused on creating what he hopes will be the biggest crypto-hedge fund. In September, Bloomberg reported that Novogratz started his own $500 million crypto-hedge fund to invest in digital currencies, ICOs and related companies. He is putting $150 million of his own money toward the fund and is planning on raising the remaining $350 million by January. Such is his support toward the digital currency market that Novogratz firmly believes that in five years the combined market value of all cryptocurrencies will be worth $5 trillion. However, for this to happen companies have to develop business principles that satisfy regulators. At the time of publishing it’s worth over $206 billion. Source: https://www.cryptocoinsnews.com/billionaire-bull-novogratz-big-money-is-coming-to-bitcoin-real-soon/
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$100 Billion Hedge Fund 'Man Group' Plans to Add Bitcoin to ‘Investment Universe’Historic British hedge fund Man Group says that it will likely add bitcoin to its “investment universe” once U.S. exchange CME launches bitcoin futures contracts next month. The London-based Man Group, which was founded in 1783 as a sugar cooperage and brokerage, is one of the world’s largest hedge funds and has close to $100 billion in funds under management. Responding to the news that the Chicago-based derivatives market CME intends to launch bitcoin futures during the second week of December, Man Group CEO Luke Ellis told Reuters that the firm intends to add bitcoin to its “investment universe” once the futures contracts are officially listed for trading. “Conceptually digital currencies are an interesting thing,” he said. “It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be.” Ellis noted that because digital currencies do not have backing from central governments, they face significant obstacles to achieve mainstream adoption. However, unlike JPMorgan CEO Jamie Dimon and other bitcoin skeptics, he believes that cryptocurrencies still have potential as investment products. “There is a big difference between a digital currency and a traditional currency…Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t,” he continued. “But that doesn’t invalidate digital currencies at all.” Ellis did not state categorically whether the firm will trade CME’s bitcoin futures or explore direct engagement with the cryptocurrency markets — as investment banking firm Goldman Sachs has reportedly considered doing. Either way, the announcement is further confirmation that mainstream institutional investors are eying an entry into the bitcoin ecosystem following the deployment of professional trading products. Because CME’s bitcoin futures will trade in a regulated environment, the exchange will have “bumpers” to prevent the market from moving too far in one direction during a single day of trading. The operator can also pause trading during periods of extreme volatility. Leo Melamed, chairman emeritus of CME, stated recently that he believes this framework will allow the exchange to “tame” bitcoin into a mainstream financial instrument. Consequently, analysts expect that CME’s launch of bitcoin futures — along with the derivatives already offered by LedgerX — will attract large amounts of capital from Wall Street firms, reducing bitcoin’s volatility and enabling it to mature as an asset class. Source: https://www.cryptocoinsnews.com/100-billion-hedge-fund-man-group-plans-to-add-bitcoin-to-investment-universe/
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Bitcoin Cash's New Combo: Bull Exhaustion With Limited DownsideBitcoin cash is buoyant again today, but some hints of bull exhaustion are starting to show. At press time, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate is $1,340. As per data from CoinMarketCap, the cryptocurrency has gained over 9 percent in the last 24 hours. The gains come after record highs near $2,500 last week, reportedly due to a flow of money out of bitcoin (BTC) and into alternative protocols following the suspension of a controversial plan to alter the bitcoin's code. However, overbought technical conditions pushed prices back to $1,000 yesterday. Still, dust now cleared, yesterday's pullback looks like nothing more than a normal technical correction, given that trading volumes dropped by 42 percent. Despite the ups and downs, though, the cryptocurrency regained bid tone today, possibly on speculation that a successful outcome for a just-implemented hard fork of BCH may boost the protocol's appeal as a payment network. Also, a detailed look at the individual markets reveals the rally has been fuelled by Korean exchanges offering BCH/KRW pairs. That said, the price action analysis indicates some bull market exhaustion, and the downside, if any, is likely to be capped at around $1,000 levels.
Daily chart Yesterday's doji candle signals bull market exhaustion. An end of the day close below $1,000 would confirm a bearish doji reversal and open the doors for a pullback to $700 levels. The RSI is overbought as well. As a result, a correction looks more likely, but the upward sloping 5-day MA and 10-day MA indicate any dips below $1,000 are likely to be short-lived. 1-hour chart Bullish scenario: a rebound from the rising trend line followed by a break above $1,549 would add credence to the basing pattern on the RSI and hint at a climb to $2,000 levels. View - The base appears to have shifted higher to $1,000 levels. - A short-term correction is likely, though dips below $1,000 are unlikely to last long. - On the higher side, a move above $1,549 would revive the bullish move. Source: https://www.coindesk.com/bchs-new-combo-bull-exhaustion-limited-downside/
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British Economist Worked Out 57% Bitcoin Interest Rate, Ahead of its TimeEven before bitcoin was invented British economist John Maynard Keynes had managed to work out the interest rate of the cryptocurrency: 57 percent. Born on the 5th June, 1883, in Cambridge, England, into a well-to-do academic family, Keynes lived through a turbulent period in British history. Having lived through the Boer War, both World Wars, and worldwide economic depression, he died on the 21st April, 1946. During his life, though, he achieved fame as the world’s foremost economist. His best-known work is The General Theory of Employment, Interest and Money, which was published in 1936, and became a benchmark for future economic thought. How, though, does this relate to bitcoin? According to a report from Bloomberg Businessweek, Keynes was able to work out the rate of the currency being lent and borrowed if it were invented. It found that Italian academic Piero Sraffa put forward that every commodity has its own borrowing cost. Keynes subsequently borrowed this idea for his 1936 book. For instance, if a person has 100 Singapore dollars and they sell those for 73 U.S. dollars on the 9th November, deposit the money into their account for 50 days until the 29th December, while buying more Singapore dollars through a forward contract for the 29th December, they will end up with 100.15 Singapore dollars, the report finds. It says: "Currency traders deal with implied interest rates all the time, [so] in 50 days, you effectively earned an annualized interest rate of 1.11 percent". Pelham Smithers Associates then took the information from Sraffa and Keynes, and futures prices on Deribit, a European bitcoin futures and options exchange, to extract bitcoin interest rates. It determined it to be around 50 percent. The report adds: "Retracing that analysis, I compute that selling 1 bitcoin for $7,220 on Nov. 4 and simultaneously investing $7,235 ($7,220 plus Libor interest of $15) in a Dec. 29 futures contract would allow for nearly 1.1 bitcoin to be purchased. That’s an annualized interest rate of 57 percent. These high rates represent extreme price volatility, Pelham Smithers suggests. Even though the currency has reached a new stage of maturity it still undergoes wide price swings. Last week, bitcoin rose to a new all-time high of $7,800 after Mike Belshe, BitGO CEO, announced that the planned SegWit2x upgrade had been suspended. Since then the digital currency has fallen below $7,000 to $6,888, according to CoinMarketCap. Source: https://www.cryptocoinsnews.com/british-economist-john-maynard-keynes-worked-out-57-bitcoin-interest-rate/
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Bitcoin price LIVE update: Bitcoin makes dramatic comeback after CRASHING over weekend Bitcoin made huge surges in just 12 hours today as dramatic trading saw the cryptocurrency regain £7.6 billion ($10 billion) in its value after heavy losses over the weekend. Bitcoin rallied 11 per cent in just over half a day to trade back above $6,000. The digital currency started trading at $5,857.32 on Monday and rose nearly 15.6 percent to a session high of $6,770.37, according to data from industry website CoinDesk. The resurgence in the online currency followed a dramatic crash in the value of Bitcoin over the weekend when a sell-off was sparked by developers calling off plans to implement the SegWit2x upgrade to the bitcoin network. Bitcoin's market capitalisation, or the total value of all the virtual coins in circulation, rose over $10billion in the same time period, according to industry website Coinmarketcap.com. Recently there has been dramatic trading in Bitcoin and only last week it hit a record high of $7,879.06 that was attributed to factors including CME Group announcing plans to offer bitcoin futures contracts, and some favourable regulation in countries like Japan, which has legalised bitcoin as a method of payment. Earlier this year, bitcoin's underlying blockchain technology split in a process known as a "hard fork". This happened twice, causing the creation of two new cryptocurrencies: bitcoin cash and bitcoin gold. Bitcoin fell to as low as $5,555 on Sunday in a weekly fall of 22 per cent, its biggest since early July as some traders dumped it for a clone called Bitcoin Cash. But Bitcoin cash has also suffered a similar fate, despite soaring to a record high on Saturday. Some sceptics have called Bitcoin’s rapid advance a bubble but the digital currency has become too big for many to ignore. As of 2pm on Monday, November 10, Bitcoin’s current price was £5221.12. Bitcoin Cash’s price is £878.01, down 28 per cent. Even after shrinking by as much as $38billion (£29bn) since Wednesday, the cryptocurrency boasts a staggering market value of $101bn (£77bn). Source: https://www.express.co.uk/finance/city/878869/Bitcoin-price-cash-live-news-update-crash-cryptocurrency-fork-value-USA-chart
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Recovery In Doubt? Bitcoin Price May Not Sustain Above $6,500Bitcoin is in recovery mode today. As of writing, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $6,523, having reached a high of $6,559 so far. As per CoinMarketCap, the cryptocurrency has gained 3.54 percent in the last 24 hours. Still, chart analysis indicates that BTC has retraced 38.2 percent of the sell-off from Nov. 8 high to Nov. 12 low. That's when prices hit a two-and-a-half week low near $5,500 – a near 30 percent sell-off from last week's record highs. Largely believed to be triggered by the suspension of the Segwit2x hard fork, a software upgrade that might have brought a transactional boost for the cryptocurrency, investors had reportedly begun moving funds across to bitcoin cash (BCH) following its abandonment, resulting in a rally for the rival cryptocurrency. In this way, the sharp recovery seen today has been accompanied by an equally sharp pullback for bitcoin cash, which rose more than 30 percent last week, and briefly overtook ethereum as the number two cryptocurrency by total value over the weekend. Still, it is too early to say that bitcoin prices have found a bottom. As discussed yesterday, the price chart analysis shows the current pullback could find a bottom around $5,000 levels. The latest chart shows the prices have moved above the key trendline hurdle, but continued gains are less than certain. Bitcoin chart The above chart shows: - The trendline from the May. 15 low and Oct. 5 low is capping the recovery in BTC. - The 5-day MA and 10-day MA adopted a short-term bearish bias last week. - The relative strength index remains below 50.00 (in the bearish territory). - On the 4-hour time frame, the 50-DMA has adopted a bearish bias, while the 100-MA is moving sideways (neutral). View - A move above 5-day MA of $6,482 is likely to be short-lived. - As noted yesterday, BTC is likely to trade sideways in the short-run, before resuming the sell-off and eventually finding a floor around $5,000 levels. - Only a close today above $6,900 would signal a revival of the bull market. Source: https://www.coindesk.com/recovery-in-doubt-bitcoin-price-may-not-sustain-rebound-above-6500/
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Bitcoin is a market for criminals and millennials, Dennis Gartman says - Analysts expect bitcoin's value will surge again following a recent dramatic decline, but bitcoin bear Dennis Gartman said he still will not invest in it. - "This is a market ... for criminals, this is a market for millennials," the commodities guru told CNBC's "Fast Money." Commodities guru Dennis Gartman is not backing off his dramatically bearish stance on bitcoin. "This is a market ... for criminals, this is a market for millennials," Gartman told CNBC's "Fast Money" on Monday. "This is a market for pure punters, but there is no value here whatsoever." Even the cryptocurrency's tendency to bounce back in a big way from steep declines is not swaying Gartman. "How can you buy or sell a painting using bitcoin, when the change in volatility is 20-30-40 percent in the course of a week? It's nonsense," he said. "I shall not trade it." Bitcoin fell about 20 percent over the weekend, but regained much of its losses. Historically, the cryptocurrency has gained about 28 percent in the weeks following a drop of 20 percent or more. Monday marked yet another instance of Gartman trashing the cryptocurrency. In August, he told "Fast Money" that he "didn't understand it to begin with, don't understand it now." Gartman added that he appreciates cryptocurrency's use of blockchain technology, but he believes there are better uses for blockchain. "There's no question blockchain has merit. It's going to change the manner in which we trade. It's going to change the manner in which we invest," Gartman said. Source: https://www.cnbc.com/2017/11/13/bitcoin-is-a-market-for-criminals-and-millennials-dennis-gartman-says.html
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CME CEO: Bitcoin Futures Could Begin Trading As Soon As DecemberCME Group chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month. "I think sometime in the second week of December you'll see our contract out for listing," he told CNBC today, hinting that trading could begin as early as the second week of December. The firm made waves in October when it revealed that it was seeking regulatory approval to list its first bitcoin-related product. At the time, CME said that the futures would be tied to its existing price index, launched in 2016, and be settled via cash. Among Duffy's notable comments in the interview: insight into how CME would handle major fluctuations in the price. He suggested that CME could move to halt trading in the event of significant swings, and that existing rules would be called upon in the event of a catastrophic price decline. "Listen, when someone says to me, 'the price is going to zero, what are you going to do?' I'm not going to let it go to zero," he explained, adding: "I'm going to implement something. If the market drops precipitously, we'll stop trading, and if we think a product is going away, we have the longs, we have the shorts, we'll match them up at a price and that's the way our rules read today." A recording of Duffy's interview can be found below: https://youtu.be/YSFwDlDdmTE Source: https://www.coindesk.com/cme-ceo-bitcoin-futures-begin-trading-soon-december/
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Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
I also remember that I could send any transaction with normal fee and receive confirmations in a few hours. Recently, I had to wait more than 24 hours for confirmation and because of this experience, now I send each transaction with higher fee. Yes, I don't like it, but still is cheaper to send funds with bitcoin than with paypal or WU, for example. It's obvious that this situation must be resolved somehow because bitcoin may become less attractive to the new people. I don't think that transaction fee is connected with btc price. Is this fair?
It's not fair, but it's necessary. In the beginning, when Bitcoin price was low, people transferred bigger amounts of Bitcoin and (since the network was also not busy) the fees were low / kb and very small compared to the money transferred. Now Bitcoin is big, making many people transfer really small amounts of Bitcoin. Even if the fee would be the same per kb, now we have more (smaller) inputs and we send out smaller amount of Bitcoin for the same number of USD. This means indeed the fees rising "too much" for our liking. But as I stated, this is necessary. The miners have to be fed. If that will not happen the network will suffer, we will suffer, the price will suffer. Not good. One of the bigger problems is that people transfer a lot of unnecessary small amounts. Of course, they have their reasons - want to earn here and there a few extra $, want to buy something "small" things, don't trust some services or just don't realize that small amounts will fight against them in some not too far future. My laptop was 0.6-0.7 BTC when I bought it, would you have believed this when BTC was dropping around 200-250$? or when BTC was 2$?. But the fees were 3$ (ouch). Bottom line: If you want to dream of $2k, $10k or (!) $500k Bitcoin, you have to admit that this comes with fees that may become almost unbearable. But without that you may be left off without miners and with 100$ or 10$ Bitcoin. You don't want that. Relax, that transaction fees that you were paying for last few days ago won't last forever. That happened as a result of one of biggest bitcoin mining companies "Bitmain" decided to switch mining bitcoin cash. So many people paid above $10 for their bitcoins to be confirmed but there were way too many transactions on bitcoin network that time. But things are now starting to get better as the network started processing transaction more faster than few days ago and everything will be alright soon. |
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Bitcoin Cash BCH is the true definition of BUBBLE.  As we all witnessed it few days ago. The value just keep getting higher for no serious reason. Bitmain switching to bitcoin cash and so what? McAfee and Bobby Lee tweets endorsing bitcoin cash? Oh, come on! I thought many guys are better than this till now... LoL - I see no way i was buying into that pump! |
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It's been impressed how Bitcoin Cash pump in the past of few days. Many people then make a statement that BCH will replace Bitcoins in the future. But nowadays, Bitcoin Cash began to be abandoned and prices dropped back. What really happened? Is this a joke or is it just for a moment's profit? How is current Cryptocurrency technology only for games only.
This can soon be entered into the cryptocurrency history as one of the most popular and abrupt migration of Bitcoin to BitcoinCash and then maybe back. Well, we can say that it can just be a big joke bit then again many people am sure did make some money here. In other words, this is just doing a normal business. Every participant is just doing his/her thing so as to make some profits...and now that the boat is tilting back to its original side there can movement to soon dump BCH and we can see Bitcoin to rise again...maybe slowly as it is just trying to absorb what happened in the last few days. As some are saying, this is the game that old boys are doing and since they got the resources to support such, small holders like us are just watching on the sideline maybe wondering what happened. Next week, hopefully, we might be able to rationalize things up for better discussion. Personally, I did welcome the birth of BitcoinCash but I do not entertain the idea that it should be the new Bitcoin. All i see is bitcoin is still the king! Then why should i waste my time and energy focusing to some dogie altcoin called bitcoin cash? I always put myself away from negative speculations and FUDs from people with no prior bitcoin economic background because many people are now into bitcoin trying to sell their FUDs... Thank god, that's not for me because i ain't buying no shit from anyone.  |
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If you are going to teach it with the child who is 7 year old, you are going to use the word that can easily understand or comprehend them, but it really depends on the child if the child is not interested they will not easily understand it coz we all know that age is not the age that a child will give time to understand it. There is a child who are very curious but only few.
I agree with this. Children might be somehow get bored when you just plainly explain what it is. However there can be some solution for that like making a visual aids to teach Bitcoin through animations and interactive videos to make it eye-catching and it will catch their interest to listen and follow the lessons being taught. That is the best way to teach children. You have to do a variety of creativity and innovation so they understand bitcoin easily. If they can understand the bitcoin from the beginning then I'm sure it will be easier for them to understand as adults. But do not take the time to play children too long. You should be able to estimate the right time in giving them lessons. The best way to explain bitcoin to kids is by given them sensible examples. You can start by telling them; bitcoin is currency just like USD but digital like online ebook. People buy and sell things online with bitcoins just like the way they do it with regular USD. The next thing, then you should explain them how to store bitcoin in online wallets just like bank account. Remember, they are kids you shouldn't have to get any deeper when explaining the concept of bitcoin to them. I think that way the kids would understand everything you are trying to teach them. |
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A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.
We used to call them whales, but they're the sharks now. They take huge risks and they will be rich at the end. We only watch the market. To me, it's not a permanent thing. They do this to make their BCH argument much stronger. That's all for this week's action. that was the thing that we are gonna do as of now but i dont even know that bitcoin will die this is just temporary and everything will be back soon we know that such a huge of pumping happen now in BCH , i may take the opportunity now to have some bitcoin but not totally because we cant say what will happen next after this happening of BCH and bitcoin. Jihan Wu and his company Bitmain were trying to play the big game for switching to bitcoin cash mining. There were over $700 million transactions stuck for hours on bitcoin network waiting to be processed as a result of that, but don't worry everything will be over soon. |
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Coursera is one of the popular online course and is currently conducting free course for Crypto Currency geeks and the course has been already more than 1 million enrolls. How about you? Would you like to enroll also with the same course?
That is really a great idea because it is always good to learn something new. Learning is the key to be successful in every aspect of life. |
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