Bitcoin becomes real money
The current state of cryptocurrencies is ambiguous. Coming from a high of about $65,000, bitcoin (weekly chart of the last 3 years below) has fallen by 50%. Before that it made an advance of 100,000,000% in about 10 years. Really! That’s no mistake. One dollar would have become one million dollars in ten years. Weighing […]
Bitcoin: Stock market correlation or restarting hype?
Bitcoin shot up impressively to pre-corona levels. Is the hype back now? Two weeks after the stock market started to react to the corona virus, correlation between stock and crypto markets suddenly increased and bitcoin experienced a dramatic crash. The safe haven status that bitcoin enthusiasts liked to proclaim got severely shattered. A free fall […]
The Bitcoin hype is back
Now there are all gates open for the next run to $100.000. Of course, it will not shoot up directly to the moon, but rather meander more often up than down and drive traders dizzy! But not us, see below… After the first attempt twelve weeks ago and then the astonishing outbreak from $4000 about […]
Bitcoin tries a restart
After a long slump comes finally the next attempt. Will this restart lead straight to old highs? Probably not, but… …nonetheless it could be traded. Always try to get in early when the time comes, but be prepared to get shaken out. Retry and eventually you will be on board for the long run and […]
Will Augur become the new global market?
Cryptocurrency Augur (REP) doubled within a week. Augur is a “betting coin” or a decentralized prediction market that uses game theory. The news that seems to drive the price currently is a new system called Veil. This thing wants to be useful for trading everything under the sun. In very short words: Veil wants to […]
Dogecoin shows relative strength
Dogecoin, a so called altcoin, fights against the downslide of the general cryptocurrency market. Upper charts are Dogecoin and lower are Bitcoin for comparison. The daily chart at the right shows an upshot of about factor three in about two weeks. The relative strength seems to be caused by Yahoo Finance. They announced that Dogecoin […]
