BTC Breaks Resistance and Runs Hard
BTC broke $4.2k resistance and then ran hard up to $5k as shorts closed, stop buys hit, and people jumped in. Alts lagged behind, but all things considered, the market had a nice rally.
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.
BTC broke $4.2k resistance and then ran hard up to $5k as shorts closed, stop buys hit, and people jumped in. Alts lagged behind, but all things considered, the market had a nice rally.
Square’s Cash App is probably the simplest possible way to get Bitcoin. You can invest in it via the Cash App, and you can use it.
Bitwise has come out with an amazingly telling report on the true nature of the crypto markets in terms of volume.
This chart looks at BTC from 2013 – 2019 and beyond using fib levels. You can see the 2013 market cycle looks a lot like the 2017. Does that pattern repeat?
When a user creates a Bitcoin transaction, they have to include a transaction fee to be paid to miners to incentivize miners to add their transaction to the blockchain.
With Bitcoin (BTC) you can pay more to expedite your transaction. Here in 2019 if you don’t mind waiting you can send BTC for about a dime.
Tippin.me is a Lightening Network custodial web wallet that allows you to receive and cash out Lightning Payments. Creating an account sets up a tippin.me page that allows you to get tipped in Bitcoin via the lightening network by sharing a link.
Below is an image that shows Bitcoin since 2010 to illustrate the three major runs (and corrections)… aka the 3 major Bitcoin market cycles.
LTC had been showing strength, perhaps in part due to the LTC + BEAM announcement. That led to BTC breaking short term resistance with a $300 run in the span of 5 minutes.
Jack Dorsey tweeted about Bitcoin, and specifically the Lightening Network (LN). CryptoTwitter loved it.
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