Two Bitcoin Backing Governors Won the US Midterms
Gavin Newsom, just elected governor of California in the US midterms, and Jared Polis, elected governor of Colorado, are both pro Bitcoin.
Bitcoin (BTC)
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.
Is There a Possible World Where ETH Goes to $20k?
What if ETH does from 2017 to a future date what BTC did from 2013 – 2017? So far their charts look eerily similar.
A Recap of October 2018 So Far
A lot has happened in crypto in October 2018 despite the price of Bitcoin staying rather stagnant. Let’s do a quick review of October 2018 so far.
Bitcoin Trading in Tight Range With Lowest Volatility in Months
Bitcoin has been trading in an increasingly tight range, squeezed in a large triangle/wedge, between key EMAs, with bands tightening, with EMAs converging, resisting $6k over and over, and trading around mining costs. Meanwhile volatility is lowest its been in 15 months.
What are Confirmations?
In cryptocurrency, confirmations are a measure of how many blocks have passed since a transaction was added to a coin’s blockchain.
There Was a Major Bug in Bitcoin’s Code, but Developers Fixed it
There was a vulnerability in Bitcoin’s code. Meanwhile, since Litecoin and Bitcoin Cash and some others are based on Bitcoin, they also had the bug. Luckily, the Bitcoin Cash developer who caught the code shared it, and Bitcoin, Litecoin, Bitcoin Cash, and more have all fixed the issue. Other crypto teams who based their code on Bitcoin, like Doge and Verge, have come out to assure people that they never had the vulnerability.
International Bitcoin Transfers 1,000s of Times Cheaper than Banks
CryptoVest.com did a study that showed international transfers of Bitcoin were 1,000s of times cheaper than international wire transfers of USD.
The CNBC Fast Money Counter Indicator
Cryptocurrency traders have decided CNBC Fast Money’s Twitter calls work as a counter indicator. Meaning if the tweet is bullish, go short, and if the tweet is bearish, go long.
Bitcoin Flash Crash at Cboe XBT Expiration Date; Most Alts Refuse to Panic
Bitcoin just flash crashed right before CBOE futures expire (09/19/2018). For the most part alts didn’t seem to be buying it, as they mostly refused to panic and drop against Bitcoin.
BTC is Trapped Under Some EMAs and Has Been Most of 2018
Bitcoin (BTC) has been trapped under a few important moving averages for most of the 2018 bear market. These Moving Averages have mostly been acting as resistance. To start a new bull trend and ward off more bear, we need to turn these resistances into supports.