Markets Update: Crypto Values Drop to Lower Vantage Points (news.bitcoin.com)

The price of cryptocurrencies across all markets has been dropping in value quite a bit over the past 48 hours. BTC/USD markets started tumbling on March 5, after the price reached a high of $ 11,650 during the evening trading sessions. Following the peak, the value dropped to $ 10,600 on March 6 losing $ 1,000 in value. Further, the next day on March 7 after the U.S. Securities and Exchange Commission (SEC) warned about unlawful trading platforms, BTC/USD values slid once again losing another…

Bitcoin

Crypto update: Bitcoin (BTC), Ripple (XRP) and Litecoin (LTC) push higher

The bitcoin (BTC) price has risen by over 4% since midnight on Friday to reach US$ 11,437 per coin this morning. This has increased bitcoin's market capitalisation to US$ 193.3 billion, which is the equivalent of 41.7% of the entire market. At one stage the world's largest cryptocurrency reached a …
Google Alert – bitcoin

Markets Update: Crypto Markets Continue to Spike Higher (news.bitcoin.com)

Cryptocurrency markets are on the rise again this weekend as the total market capitalization of all 1,500 digital assets touches $ 465Bn. Bitcoin core (BTC) volumes are still lower than a few weeks prior but bulls have managed to press past resistance reaching a high of $ 11,480 during last night’s trading sessions.
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Bitcoin

Software update aims to lower costs and transaction speeds in bitcoin market

In an attempt to tackle expensive bitcoin transaction fees and slow processing times, two leading cryptocurrency exchanges, Coinbase and Bitfinex, announced Tuesday they have rolled out a software update that they hope will address mounting concerns. The update, called Segregated Witness …
Google Alert – bitcoin

Markets Update: Cryptocurrencies Start Forming a Well Defined Uptrend (news.bitcoin.com)

Cryptocurrency markets are starting to slowly inch back upwards after many digital assets lost roughly 40-70 percent of the values they held two months ago. Bitcoin core markets (BTC/USD) reached a low of $ 5,920 this past Monday, but as the weekend approaches the price has regained strength hovering around $ 8,250-8,450. Moreover, the price of bitcoin cash (BCH) has jumped considerably, gaining over 23 percent today with an added $ 1.4Bn worth of trade volume combined to the intraday.

Bitcoin

Markets Update: BTC Prices Suffer from a 65% Loss Since December (news.bitcoin.com)

Bitcoin prices and cryptocurrency markets, in general, have been declining in value for the past six weeks straight with a few bounces here and there. Currently, BTC/USD markets have reached the lowest price in weeks touching $ 6,600 on February 5, 2018, erasing the past three months worth of gains.
Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media

Bitcoin

Moon Math Update: Bitcoin is ready to grow again

Go to http://moonmath.win for the full update and rainbow charts

I've said this before: When I get quiet, it's time to accumulate. I've been quiet. Before I went quiet I suggested it was a good time to DCA into a position. The jury is far from out on that, but I think moon math is tracking pretty well with this retrace.

Moon Math takes a long-term bull perspective. It doesn't say "Insane awesome returns forever!" Instead, it invites you to consider our current price position against past trends. I know for a fact that some people look at the rainbow charts and think "Oh boy, we're in the red and it's only up from here." That's insane. Don't do that again. Projecting the price based on the trend from the ATH isn't going to work out for anyone. The Moon Math we're seeing today is probably a better projector of performance than any time in the last several months (I'll get that time travel feature done someday).

Is this retrace over? I'm going to shout an unsatisfying and resounding "possibly" on this. Part of the reason that I haven't been posting is that my position on this hasn't changed. "Possibly" and "no change" is a boring answer, but I'll spice it up for you a little today, because the outlook has improved from when I last posted.

BBands are tightening.

BBands have been tightening for a while, and we're going to start seeing tight BBands on the 12-hour chart soon. Bitcoin is volatile. BBands like this predict a move in one direction or the other. A direction for the price will be more firmly established in the next five days. If it breaks down I expect slower growth over the next four to six months as well as significantly less volatility. If we break up, then I think we’ll see continued parabolic growth on the log chart and a new ATH in the next month. Clearly, I think that the price breaking down one more time will be good for Bitcoin long-term.

We can sustain BBands this tight for months at a time. Observe the 12-hour bands In April through June in 2017. That pattern shows the price doubling in 2 months. So, nothing definitive there. Having a direction doesn't mean we'll have a big change in price, though.

Bouncing off the bottom of our short-term trend

We've bounced off the bottom of our short-term trend 4 times in the last two weeks with decreasing bear volume. That indicates that there's a lot of support at the bottom of our trend. The drop in volume shows that bears are running out of supply.

The short-term up trend is sustainable

The slope of our short-term trend is only slightly greater than the 6-month trend. IMO, fundamentals show that it's possible to maintain that trend indefinitely. That's true of a rational market, anyway.

Local Bitcoins Volume is growing

Volume at Local Bitcoins is about 5x to 6x what it was this time last year. I'm not sure they can bust at the seams like that for another year, but linear growth from here seems like a conservative expectation for at least the next year. I suspect we're going to see about 40 to 80 million USD a day flow into Bitcoin through Local Bitcoins by the end of 2018. That will be an important metric used to analyze our entrance into a pre-halving market through 2019.

Sentiment is as low as we've seen in a while

Consider the price and infrastructure of Bitcoin today vs six months ago. Consider the attacks we've flourished through. It's normal to see sentiment turn against Bitcoin. If it didn't we'd see unstainable growth and even more volatility. If you bet against the crowd, now is the time to make a bet.

Going back into my hole and shutting up while I'm proven right, again. Maybe I'll check in again later this week.

Good hunting

Go to http://moonmath.win for the full update and rainbow charts

Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 – Present Performance 2016 – Present Performance 2015 – Present Performance 2014 – Present Performance 2013 – Present Performance 2012 – Present Performance 2011 – Present Performance July 2010 – Present Performance
Starting Price USD $ 11,522.86 $ 14,427.87 $ 9,816.35 $ 6,121.80 $ 997.69 $ 434.46 $ 313.92 $ 770.44 $ 13.30 $ 5.27 $ 0.30 $ 0.09
Compounding Daily Periodic Rate 0.21% -0.70% 0.29% 0.72% 0.63% 0.44% 0.32% 0.18% 0.37% 0.35% 0.41% 0.43%
Over $ 20,000.00 on 2018-10-08 Never!!! 2018-07-30 2018-04-12 2018-04-21 2018-05-29 2018-07-11 2018-11-15 2018-06-20 2018-06-27 2018-06-02 2018-05-26
Over $ 31,622.78 on 2019-05-13 Never!!! 2019-01-03 2018-06-14 2018-07-03 2018-09-11 2018-11-30 2019-07-24 2018-10-23 2018-11-06 2018-09-22 2018-09-10
Over $ 100,000.00 on 2020-11-08 Never!!! 2020-02-01 2018-11-21 2019-01-02 2019-06-03 2019-11-22 2021-04-13 2019-09-02 2019-10-03 2019-06-30 2019-06-04
Over $ 1,000,000.00 on 2023-11-02 Never!!! 2022-03-30 2019-10-06 2020-01-03 2020-11-13 2021-11-04 2024-09-23 2021-05-22 2021-07-26 2021-01-11 2020-11-20

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Bitcoin – The Currency of the Internet

Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip (news.bitcoin.com)

A vast majority of cryptocurrencies were suffering from losses yesterday after last weekend’s recent spikes in value. Bitcoin core (BTC) prices have dropped since touching the $ 13K zone back down to the $ 10K region while most of the digital asset markets were also down yesterday are up now. At the moment BTC has climbed just above the $ 11,300 zone and bulls are trying to hold that value. 
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Bitcoin

Markets Update: The Top 68 Cryptos Dive During the January Slump (news.bitcoin.com)

Cryptocurrency markets are having a tough time during the third week of the new year as a vast majority of digital assets are down 20 percent or more. Currently, the BTC/USD global average is roughly $ 12,050 after touching a high of $ 14,300 just 24-hours prior. The sudden losses started taking place yesterday evening when bitcoin markets dipped into the $ 13K territory. Uncertain digital asset traders are debating on whether or not markets will rebound soon or plunge to some more lower bound…

Bitcoin