Bitcoin Cryptocurrency News

Bitcoin Celebrates A Huge Milestone This Month

Bitcoin celebrates the 11 year anniversary of its first clear use case, a peer-to-peer trustless transaction. The first transfer happened between the wallets of now-legendary Satoshi Nakamoto and cryptographer Hal Finney. Bitcoin Transactions Picked Up Between Early Adopters Transactions were relatively slow to pick up in the early days, as bitcoin initially had to accrue Read more…

Bitcoin Cryptocurrency News

Why Bitcoin and Crypto will be Properly Understood Much Later?

Bitcoin arose as a pretty high-minded idea, engendered in specialized cryptography forums. In its early days, its merits have been discussed by communities like the LessWrong forums. Bitcoin Gained a Bad Reputation in its Early Days Crypto assets and Bitcoin, in particular, gained a public image of being a simple-minded Internet coin, used by gamers Read more…

Bitcoin Cryptocurrency News

3 Reasons why Bitcoin Market could be Worth $1 Trillion this Year

Bitcoin price predictions are always a point of contention. They have ranged from mind-blowing seven-figure surges to more sedate extrapolations of current market conditions. One industry executive thinks it is quite plausible for BTC to be $50k by the end of 2020 and here’s why. Speaking to Bloomberg, Nexo founder Antoni Trenchev said that company Read more…

Bitcoin Cryptocurrency News

The Taxman Is After Your Bitcoin: Harvest Your Losses Before It’s Too Late

The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an indication of how serious they are when it comes to cryptocurrency Read more…

Bitcoin Cryptocurrency News

Here are Bitcoin’s Most Dramatic 20% Moves since 2017

Bitcoin (BTC) has tended to look “boring” in 2019. But the coin has regular, dramatic price moves, exceeding 20% per day. This behavior has continued since BTC moved into the mainstream. Bitcoin Surprise Moves Happen Despite Overall Low Volatility Bitcoin saw volatile days from 2017 until now, with 20 occasions of price moves above 20%. Read more…

Bitcoin Cryptocurrency News

Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K

Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Bitcoin Evaded the Worst Scenario of Fast Slide, So Far The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. But Read more…