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Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Bank’s ‘Outrageous’ Prediction

“Bitcoin is thrown to the wolves,” the headline reads, punctuating the tail end of Saxo Bank’s prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to “its fundamental ‘production cost’ of $1,000.” The Danish investment bank issued this forecast in its annual “Outrageous Predictions” publication that purports to […]

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51% of Respondents Chooses Bitcoin Over Gold and Fiat: Ron Paul Survey

The poll of former Texas congressman Ron Paul participated by more than 43,000 social media users has shown that the majority of respondents would rather have bitcoin over gold, US Treasury Bond, and the US dollar.  Poll conducted by former Texas congressman Ron Paul On December 6, Paul ran a survey on Twitter to evaluate the preference […]

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Bitcoin Price Mimicking Trajectory of Silver in 1970s: Legendary Trader

Legendary trader Mark Fisher sees similarities between the dramatic ascent of the bitcoin price and the trajectory that the silver price took during the 1970s. Fisher, founder and CEO of futures clearing merchant MBF Clearing, told CNBC’s “Fast Money: Halftime Report” that he believes bitcoin’s dramatic year-to-date run-up is the modern-day equivalent of the silver […]

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Bitcoin Futures: Make Way for a New Kind of Whale

For bitcoin traders, all eyes should be on Dec. 10 and Dec. 18.   That’s when former self-styled bitcoin whales will be swallowed up like plankton as the CBOE and CME Group launch bitcoin futures contracts for the first time in history. Over the next few days, I will be providing information on trading in the bitcoin […]

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JPMorgan Changes Stance: Bitcoin Could Become the New Gold

Less than a month since CEO Jamie Dimon inaccurately described bitcoin as a “fraud,” JPMorgan has changed its stance on the cryptocurrency. Throughout the past month, analysts and investors in both the cryptocurrency and traditional finance markets have criticized Dimon and JPMorgan for their baseless condemnation on bitcoin. Almost immediately after the company’s CEO called bitcoin a […]

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Looking Heavy? Bitcoin Eyes Correction After New High

After reaching a fresh all-time high yesterday, bitcoin could be losing its upside momentum. The world’s largest cryptocurrency by market value clocked a high of $11,831 at 20:30 UTC Sunday, but closed below the previous record high of $11,377, according to CoinDesk’s Bitcoin Price Index. At press time, BTC was trading at $11,238 – up 0.5 […]

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Bitcoin Price Watch; Trading The Repeating Levels

Our more regular readers will likely be familiar with the idea of repeating key levels. That is, the same levels popping up over and over again in the bitcoin price and proving crucial to sentiment when price is in and around them. Of course, major psychological levels such as round numbers fall into this category […]

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You Can Buy Bitcoin with a Credit Card – but Should You?

More people are looking for ways to buy Bitcoin with a credit card, with the cryptocurrency up 64% over the past month alone. It’s hard to blame them. The Bitcoin price has soared more than 900% in 2017, far outpacing the 15.5% gains in the S&P 500 index. Bitcoin hit an all-time high of $11,377 on the CoinDesk Bitcoin Price Index […]

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Litecoin Versus Bitcoin

Summary Bitcoin is considered to be digital gold to many investors whereas Litecoin is considered digital silver. Several technical and marketing advantages of Litecoin are explained. Bitcoin has gone up 1,300% in one year whereas Litecoin is up 2,400%. Bitcoin is getting all the attention these days. But, there are many alternatives to Bitcoin if […]

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