bitcoin

New York Stock Exchange starts to monitor the value of Bitcoin

May 20, 2015 12:43 pm Published by 1 Comment

Bitcoin just took a huge leap towards becoming a more legitimate and trustworthy crypto currency. Yesterday, on May 19th, The New York Stock Exchange announced that they will begin monitoring the Bitcoin price against the US dollar just like any other foreign currency pair.   “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class”   Source: Businesswire.com   What this means for us? It’s very likely that the BTC/USD pair will soon skyrocket because that has always happened with high impact news like... View Article

Get free Bitcoins from Ynef’s Bitcoin Faucet every hour

May 9, 2015 3:40 pm Published by Leave your thoughts

Ynef’s Bitcoin Faucet Everyone seems to own a Bitcoin Faucet these days so it was quite obvious I got one as well since I am a big Bitcoin fan myself. Thanks to a good friend Martin and also thanks to FaucetBox I got it up and running today. The deal is simple: submit your Bitcoin wallet and solve a captcha code once every hour to earn free Bitcoins! Where’s the catch? There is no catch. The idea is to give away Bitcoins and try to break even by displaying ads all over the faucet, hence the awful look. But no... View Article

BTC/USD Price analysis for the first half of May 2015

May 9, 2015 3:07 pm Published by Leave your thoughts

The morning’s correction At around 10:30 AM the BTC/USD pair started to sell quite rapidly from 246.440 USD per Bitcoin, correcting the previous days bullish movement. It was of course expected because the market had reached the overbought condition almost at the same time. Bullish expectations The support level of 238.416 USD per Bitcoin seems to be holding nicely right now, but there is still some room to move a little lower. The trading volume has started to decline already indicating that a lot of the traders are already closing their SHORT positions, perhaps getting ready to go LONG once... View Article

BTC/USD breakout today, showing signs of recovery

April 22, 2015 9:25 pm Published by Leave your thoughts

Bollinger bands breakout Todays Bollinger Bands breakout has been “boiling” for a few days now, but prior today the market was moving pretty much sideways indicating that the bulls were simply looking for the right moment to arise. I had my own long position opened on the 19th of April already, so I guess I was there a little bit early. Nevertheless, the breakout happened and as a result the market is starting to look a lot more bullish once again.   Currently overbought While there is still some room for the pair to gain, I strongly recommend closing your... View Article

Bitcoin weakens against the dollar in the second half of March, 2015 and how to save Bitcoin

April 2, 2015 11:48 am Published by 1 Comment

Bitcoin falls 17,07% in the second half of March, 2015 Well, I guess the “extraordinary” happened and Verto, the owner of Evolution Marketplace decided it’s time to walk away with $12 million USD worth of Bitcoins. You can read more about it in this wikipedia article. Normally I would say it’s time to start buying Bitcoins again because obviously the demand should now rise since less Bitcoins are now in circulation? No. I believe you can do this only for so long because eventually people will simply lose faith in the crypto currency altogether when every major marketplace either gets... View Article

Middle part of March 2015 Bitcoin vs USD Analysis and what to expect from the market

March 17, 2015 2:40 pm Published by 1 Comment

Our patience has paid off It’s the middle part of March 2015 right now, the sun is shining and signs of a long winter are slowly fading away. The beginning of spring seems to have helped Bitcoin reach equilibrium against the US dollar. We have closed quite a few long positions since our last Bitcoin related article and now it’s time to sit back and observe the market a little closer because we are bound to have some drawback right about now.   Bitcoin price in March 2015 We are reaching closer and closer to the overbought market condition which... View Article

Bitcoin gains 4.44% against the US Dollar in the beginning of February 2015

February 3, 2015 3:19 pm Published by 1 Comment

Bitcoin, you can do better than that At the end of last month I posted a quick overview on the price of Bitcoin and what it may have in store for us next month. We’re currently three days into February and BTC has gained a measly 4,44% after some insignificant downward movement that didn’t break any major support levels for us. Bulls getting stronger The daily pivot point along with three solid resistance levels have all been broken through today and the market is continuously making higher lows which indicates that the bulls have finally gotten bold enough to start... View Article

Too soon? Bitcoin moving sideways against the dollar – Market unsure

January 31, 2015 5:13 pm Published by 1 Comment

Too soon? A few days after my confident prediction that it’s high time to buy Bitcoin on the 27th of January post, I didn’t pay attention to the charts for days. Now, on the last day of January, I checked the charts again and to my disappointment the price hadn’t gone up at all- instead it came down -$24.. USD and has now decided to move sideways completely unsure of itself. I have a feeling a lot of traders are left clueless of the weird movement because we know for a fact that the first licensed Bitcoin trader is now... View Article

First licensed Bitcoin Exchange opening today. More trust in BTC likely to move BTC/USD higher this week

January 27, 2015 3:32 pm Published by 1 Comment

First licensed Bitcoin exchange opening The first licensed U.S based Bitcoin exchange will be opening later today which is great news for all the bulls out there because this move is likely going to bring back a lot of lost trust for the crypto currency, Bitcoin. While I am very surprised to see a move like that from the U.S I am happy it has finally been done. There are serious money involved and since it’s now licensed and approved in many states, the chances of someone running away with your coins has decreased a lot- therefore more people are... View Article

Bitcoin slowly recovering from a massive price drop all the way to $167

January 16, 2015 12:03 pm Published by Leave your thoughts

Right now the lowest point BTC has reached is $167,125 USD per coin. Let’s hope it will stay that way!   But there are still a few mixed signals here. For example we all know that this bullish movement was inevitable simply because we have been dropping since the beginning of the month. As I mentioned in my previous post we have been lingering in the oversold area for too long.   So this bullish movement might not mean anything else other than a simple correction. Also if you notice how the second bullish top is a little bit lower... View Article