Crypto Investors Might Want to Keep an Eye on Square (SQ)
Square (SQ) is a stock to keep an eye on. It recently got downgraded after an analyst essentially concluded that Bitcoin’s recent rise posed risk to Square.
Square (SQ) is a stock to keep an eye on. It recently got downgraded after an analyst essentially concluded that Bitcoin’s recent rise posed risk to Square.
Bitcoin broke the $9k barrier. We discuss some things to watch for based on historic trends and the current market with Bitcoin between $9k – $12k.
Bitcoin did another hard fork, the coin created this time is Bitcoin Diamond. The fork occurred at block height 495866.
Some argue that Bitcoin Cash is “better” than Bitcoin because it often has faster transactions, lower fees, and is more profitable to mine. This argument is however misleading.
Tehter was reportedly hacked on Nov. 20th. This caused a quick sell-off of all things crypto. However, most coins quickly recovered.
Bitcoin came back from a correction to $5.5k to break $8k by Nov. 19th. For the moment it looks like Bitcoin will remain King/Queen.
Despite an official cancellation it seems a group of miners went ahead with Segwit2x anyways. The Bitcoin Segwit2x fork happened at block 494,784. This block occurred early Nov. 17 Pacific Time.
Right now Coinbase isn’t saying anything about Bitcoin Cash other than what they said in the past. Their silence is deafening.
Bitcoin Cash could become the dominant Bitcoin, Bitcoin Cash could get dumped for Bitcoin, or both could both find success. Any of these cases are possible.
If you held Bitcoin during the Bitcoin Gold fork, you now have equal parts Bitcoin Gold. Although you can claim your Bitcoin Gold, you should consider “hodling.”
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