Filed under Bitcoin

Bitcoin bounced back from 4945.54, but not out of the woods yet

April 17, 2019 7:09 pm Published by Leave your thoughts

In my previous and somewhat overly dramatic post I saw Bitcoin tumble down and through from $5100. If anything, I hope you closed your buys back then. It seems that for the time being the low of $4945,54 is holding. But we’re not out of the woods yet. The mini flash-crash may have scared a few newbies away, but I’m sure there will be an even stronger downward move in the near future. Why do I think that? Well for starters, everyone’s way too confident about Bitcoin going to the moon. This is a good indicator that something’s brewing. Google’s... View Article

Abandon ship! Bitcoin is going down.

April 9, 2019 7:44 pm Published by Leave your thoughts

If you’re a day trader you might want to tread carefully the next couple of days. That’s because Bitcoin has once again been moving sideways. Not only that, but the last swing was lower than the previous which just barely managed to touch the resistance formed on April the 3rd. Coupled by the fact that both the Relative Strength Index and Stochastics on the daily are in the extreme to insane overbought range, we’re bound to see some type of retracement soon enough. In the next couple of days we will most likely see the retracement towards $5100 and if... View Article

How to make a custom ERC20 cryptocurrency token with a fixed total supply and deploy it on the Ethereum MainNet

January 30, 2019 10:06 pm Published by Leave your thoughts

In this article you will learn the overall basic concept behind an ERC20 smart contract. I will also briefly go over some facts about Ethereum unrelated to the ERC20 implementation that I personally find very interesting. By the time you finish this article you will know how to create an ERC20 cryptocurrency token with a fixed total supply. We will make it so you are the sole owner of all of the total supply and if you like, you can sell or gift some of your brand new token to your friends. This guide will not teach you how to develop... View Article

New startup aiming to revolutionize gaming by allowing players to earn Bitcoins

May 16, 2016 11:40 am Published by Leave your thoughts

We all have a favorite game on which we spend a huge portion of our spare time without getting anything practical in return other than the satisfaction of reaching the next level, unlocking a new piece of armor or getting first place on the high scores table. For decades the mere joy of accomplishment has been enough to keep people hooked playing a game for hours at a time, but what if you could step even further down the rabbit hole? What if you could earn Bitcoins by playing games? This exciting new chapter in video gaming can soon become a reality thanks... View Article

Bitcoin gains 1.36% within 1 hour after bullish news from Glenn Hutchins

May 3, 2016 11:32 am Published by Leave your thoughts

Bitcoin gained 1.36% earlier today rising from $442 to $448 in just one hour right after Glenn Hutchins, a Federal Reserve Bank of New York board member and investor, came forth with bullish news about Bitcoin and the BlockChain technology. In his speech he drew a bold parallel between Bitcoin and the Internet and, among other things, mentioned that he has bought Bitcoin himself and is currently investing in various Bitcoin companies. We didn’t reach $500… yet In the last weeks of April there was a lot of fuss on Bitcointalk about the possibility of the price reaching a whopping $500 USD mark on or before... View Article

Price of Bitcoin pulls back from yesterday’s high of $452+

April 22, 2016 10:26 am Published by Leave your thoughts

The price of Bitcoin retraced from yesterday’s high of $452 to $443 today on the 22nd of April, 2016 declining -1,99%. It has currently formed a nice hammer on the BitstampUSD chart and while there is still more room to go down on the Slow Stochastic oscillator along with MACD and RSI, the overall feel is very bullish and looks like we’re currently around a good place to go long once again. Bullish Bitcoin getting everyone excited Given that the price of BTC has been moving rather slowly for the past couple of months, it’s no wonder that there’s an increased activity... View Article

Bitcoin bullish, rising for two days from $433 to $445+

April 21, 2016 7:26 pm Published by Leave your thoughts

It looks like the three mysterious flash crash/recoveries on the BitstampUSD chart had absolutely no effect on the overall market as BTC is yet again strongly bullish with a slight hint of a small retracement on the horizon as the stochastic oscillator (both fast and slow) are crossing in the overbought area at the time of writing this post. Check it out: Will Bitcoin reach $500? By lurking on the Bitcointalk forums it has become apparent that a lot of people are expecting it to reach at least $500 by the time block halving happens, but after that the opinions about the future... View Article

Bitcoin just flash crashed -10.93% and then recovered again… twice in 3 hours

April 16, 2016 11:44 pm Published by 1 Comment

Something strange just happened to the price of Bitcoin where it rapidly fell from $430 to $383 in just an hour and then recovered again only to go on round two just an hour of standing relatively still. At least that’s what the Bitstamp charts are saying. Have a look: What’s happening on Bitstamp? Well, something had to cause this and I have to admit I jumped a little when I saw this just now, but it appears it only happened on Bitstamp as Bitfinex, Kraken, CoinBase and BTC-E seem to be completely oblivious about it. Still, knowing that there are a lot... View Article

Is 420 the new floor for Bitcoin?

February 19, 2016 10:33 am Published by Leave your thoughts

Bitcoin sure likes to blaze it or so it would seem. The price is back around the 420 area where it reached in November 2015. Ever since the Mike Hearn news, Bitcoin has been struggling to break the $400 resistance, but it finally managed to do so just in time for Valentine’s day and while most speculators on BitcoinTalk tend to agree that this is the new floor for the crypto, I’m a little worried about the head and shoulders pattern that’s forming on the hourly charts. Head and shoulders on 1H As I’ve stated before I’m a Bitcoin permabull and... View Article

Bitcoin slowly recovering after Mike Hearn news in January

February 14, 2016 11:44 am Published by 1 Comment

In the first weeks of January 2016 a leading Bitcoin developer Mike Hearn announced to the world that Bitcoin is dead and broken. In his article he talks about how the community has failed and how the Blockchain technology can’t reliably handle too many transactions at once. He also mentions that the market is controlled by Chinese miners and just two miners control more than half of the entire hash power. Naturally this announcement caused a network wide panic as people were worried Bitcoin is done for good this time. Bitcoin’s death greatly exaggerated After the usual media shitstorm and... View Article