GBTC Hits All Time Highs; What Can This Tell Us?
GBTC (the Bitcoin Investment Trust) hit $3,350 today. That is the equivalent to about $34k per Bitcoin. This tells us demand for Bitcoin is strong.
Opinions and Op-Eds
Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
The Relationship Between Altcoins and Bitcoin (Simple)
Bitcoin’s price movement generally affects altcoin prices. The relationship isn’t always predictable, but there are some common trends.
GDAX/Coinbase Plans to Add New Coins in 2018
Coinbase plans to add new coins in 2018. This was confirmed by Coinbase’s CEO on CNBC. However, they haven’t announced which coins will be added.
Attention New Cryptocurrency Investor, Don’t Let a Correction Shake You
Attention New Cryptocurrency Investor: Every few weeks (if not less) Bitcoin corrects by 5% – 20%, as do other cryptocurrencies. Often they all do at the same time. Don’t let that worry you.
Litecoin Surges to $400
Litecoin (LTC) surged from $100 to $400 from Friday to Tuesday Dec. 12 in terms of USD. In terms of Bitcoin it went from .005 BTC to over .02.
What Will Futures Trading Do to Bitcoin and Altcoins?
Although no one knows what the effects of futures trading will be, one should keep in mind that futures could have an uplifting effect on Bitcoin.
Market Turns Bearish As Futures Trading Approaches
Bitcoin went on an epic run from $11k – $20k, then declined as alts rose. Today the market is bearish as futures trading approaches.
Suggestions on What to Do if You Bought Bitcoin at the Top
If you bought Bitcoin in the $17 – $20k range, you might be starting to feel fear and regret. That is normal, but your best bet is to shrug it off.
Bitcoin TIP: Set Stops, Average, Buy the Dips, and Hold
If you are buying Bitcoin today, here are a few general tips that could help you trade in volatile times: Set stops, average in, buy the dips, and hold.
Bitcoin Hits $15k, $16k, and $17k!
Bitcoin went from $11k to $14k yesterday and then from $15k to $17k (and $18k, $19k, and almost $20k) today. Wow! Unfortunately, this growth came at the expense of other coins.