This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down. Bitcoin Market Cap To $ 12 Trillion? News 8BTC’s Lylian Teng reports: “Zhu Fa, co-founder of crypto mining pool Poolin, recently made a bullish statement on bitcoin’s price, predicting that bitcoin would surge to new highs at 5 million Chinese yuan (roughly US$ 740,000).” “From record high above $ 17,000 to year lows near $ 3,000, Bitcoin’s year-long turbulence has not discouraged crypto bulls. The operator of the world’s fourth-largest mining pool

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Crypto Nightmare: This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000

Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium. At one point, he bought 0.0047 BTC for 340 Brazilian reals, worth about $ 91. At press time, said amount of bitcoin is worth less than $ 15 on other exchanges, meaning at the rate he paid for a full bitcoin would’ve cost him the equivalent of over $ 19,400. The cryptocurrency trader placed his buy order on a local exchange called TemBTC, which isn’t among the largest platforms in Brazil. According to local news outlet Portal do Bitcoin, a potential explanation for what

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Traders Who Shorted Bitcoin From All-Time High $20,000 are Cashing Out: Is The Bottom is Near?

In the past two months, several traders who shorted Bitcoin from its all-time high at $ 20,000 have started to cash out in the $ 3,000 to $ 4,000 range. On February 12, a cryptocurrency trader with an online alias “Cryptofungus” revealed that he had closed a year-long Bitcoin short contract. The trader shorted the dominant cryptocurrency since $ 19,665.39. At the time of reporting, the price of BTC remains just above $ 3,500. closing my $ BTC short from 19,665.39 here — Cryptofungus (@crypt0fungus) February 11, 2019 The closure of the trader’s Bitcoin short follows the publicized cash out of former International Monetary Fund (IMF)

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