It’s safe to say that 2020 has been like no other. Not just in the real world, but in the Bitcoin market as well. The king coin began at $7,200, halved its price by March, halved its supply in May, and doubled its price by October. That’s one hell of a rollercoaster. Source: Coinstats Despite...Read More
What are your top 3 answers to the question, “Why would institutions even want to invest in Bitcoin?” Bitcoin has a good track record and it outperforms equitiesYeah, Bitcoin has outperformed almost every asset out there that has a history. It has done this within a span of a decade, give or take 2-3 years....Read More
The simple mathematical concept of a transitive property explains that if A = B, then B = A. So, in the cryptocurrency world, if 1 BTC = $13,000, then $13,000 = 1 BTC. Using that base-case, let’s scale down the equation. $1,000 can fetch you ₿0.076, and hence, scaling it down, $500 can get you...Read More
The 2020 market crash was godsent for the likes of Bitcoin and gold. These ‘safe-haven’ assets surged under the spotlight, climbing to record highs as stock markets and long-term treasury bonds both collapsed and countries reacted by slashing interest rates. The main reasons for buying these assets were immediately enhanced, and the price reacted as...Read More
Everybody has a favorite day of the week. For the workaholics, it’s Monday, for the weekend warriors, it’s Sunday, and for everyone else, it’s Friday. Well, not really, but you get the point. There’s a day of the week for all of us. But, is there a day of the week for Bitcoin? It’s been...Read More
Volatility is a given in the Bitcoin market, but nowadays, it’s a given in every market. Let’s face it – 2020 hasn’t been a good year for a lot of things, least of all the financial markets. With stock markets hitting record-lows, inflation only likely to rise from here, and investors puzzled with all that’s...Read More
To the investment world, Bitcoin just doesn’t make sense. An asset with no financials, no quarterly earnings reports, no management to speak for it on investor calls, no valuations, no annual report, no head office, nothing. How does one value something like this in order to invest in it? There’s a simple answer – They...Read More
In the cryptocurrency world, every sign is a bullish sign. From China getting into blockchain, to Facebook launching its own cryptocurrency, to Donald Trump tweeting about Bitcoin, nearly everything can be construed to be a sign of the upcoming bull run. Needless to say, not all of these signs actually have any backing behind it....Read More
Bitcoin’s recent price action triggered a cascade of sell liquidations on BitMEX. In fact, a total of $264 million sell orders were liquidated following Bitcoin’s price drop below $11,500. Interestingly, the U.S stock market also suffered a similar fate. However, perhaps the reactions of traders on derivatives exchanges are most important since those reactions influence...Read More
After Bitcoin dipped by a total of 6.25% between Tuesday and Wednesday, liquidations worth $50 million were spotted. Although this drop is small compared to the drop on August 2nd, there might be fears of a price crash. Perhaps, in a fashion similar to the March crash, that wiped out bitcoin’s price by more than...Read More
A week ago, Bitcoin dropped by 8 percent in an hour, minutes after it surged over $12,000 for the first time in 14 months. On August 2, between 0400 to 0500 UTC dropped from $12,000 to under $11,000 and considering the history of the cryptocurrency markets, this bleeding was pegged to continue. Quite surprisingly, not...Read More
