How to Tell the Difference Between a Bull Market and Bear Market… And How to Trade a Bull Market and Bear Market A bull market is when the price action is in an uptrend, a bear market is when the price action is in a downtrend. This is especially true when examined on a larger time . . . read more
Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
Short interest on BTC and ETH hit an all time high today as prices dropped to 2018 lows. Short interest generally shows sentiment (bearish in this case), but it also can be a set up for a short squeeze (like in April).
No one knows if the halving that will occur roughly May 2020 will impact the price of Bitcoin. However historic correlations with halving and price are notable.
If there are Bitcoin transactions, then Bitcoin isn’t dead. Bitcoin has been declared dead often, but so far that has never been the case.
In Bitcoin, halving is when block rewards for mining are cut in half. Halving happens at regular intervals based on the Bitcoin protocol.
The mining death spiral is a myth. There is no “mining cost price floor” (a price at which a crypto shuts down because it is not profitable to mine). This is because of difficulty adjustment.
Bitcoin is finally trending up in Google Trends after being stuck at a low for most of 2018. In general the price of Bitcoin has directly correlated with Google trends.
Bitcoin SV (a Bitcoin Cash fork) is regaining ground against Bitcoin Cash. This is a set up for a great outcome where SV shows strength, but not at the expense of Bitcoin Cash.
It is conservative to plan for things getting worse in crypto before they get better. In my opinion, it is time to put aside the FUD and FOMO and draw up a game plan.
A Bitmex report shows that both BCH camps, ABC and SV, are mining their respective chains at a loss in the current hash war.