Investor Buy Signal to ‘Make a Killing’ is the Next Bitcoin Death

2018-7-18 17:00

An investment analyst has predicted the ‘death of Bitcoin’ articles will show the key moment to invest in Bitcoin. Following the ‘bubble popping’ over the last year, the analyst claims that this will be the buy signal for him and others to invest.

No Such Thing as Bad Press

Bitcoin has ‘died’ countless times according to the media. 99Bitcoins puts the figure at 306 deaths with quotes from each publication that has called it over for the digital currency. These articles often occur after temporary market crashes, including the Mount Gox hack where Bitcoin ‘died’ at $658 according to articles such as ‘Bitcoin is Dead’ by the Weekly Standard.

In the article, Jonathan Last said: “The speculators may not realize it yet, but you can stick a fork in bitcoin. It’s done.”

Now, CEO of stocks and investment website ADVFN, Clem Chambers, has claimed that these death reports are excellent buy signals for investors. He said that investors can ‘make a killing’ if they buy at the bottom, in a similar way to those who invested following the dotcom bubble. Chambers said:

“I want to see headlines saying “Bitcoin is dead” after a final leg down. This will signal a bottom as it has on many previous occasions. “The Death of Bitcoin” as a MSM headline will be the point I will be serious about loading up.”

‘Bitcoin is dead’ searches on Google hit an all-time high this year between February 4 and February 10 when the price of Bitcoin dropped to $6,048. That’s almost ten times higher than when Bitcoin died in 2014. Bitcoin has fallen to around this price an additional two times this year but searches have remained low.

Price of Bitcoin over the last year

 

Google search volume for ‘Bitcoin is dead’ over the past year

Chambers expects one more drop this year which will lead to the definitive death of Bitcoin for 2018. From looking at the charts, he sees ‘another final leg to fall’ but admits that’s just his opinion. After 2014, it took two years for the price to stabilise and start reaching higher. However, recent news on Bitcoin ETFs may help to accelerate the progress this time around.

Bitcoin ‘Purge’ to Help Growth?

An ICO advisory firm has released a study showing over 80% of ICO projects were scams. This definition included projects that didn’t follow their roadmap or were deemed to be scams by community members. Three per cent ‘died’, meaning they were not listed on exchanges and had no contributions in Github for quite some time.

The data showed that investors have a good eye as the 80% of ICOs only received 11% of total funding. Yet it has been argued that removing some of the ‘unsuccessful’ coins could help to revitalise the market which has lost over $500 billion of its market cap this year. As cryptocurrencies are decentralized, this purging of coins would have to be voluntary but it could help to stimulate growth.

 

Image from Shutterstock

The post Investor Buy Signal to ‘Make a Killing’ is the Next Bitcoin Death appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 65298.84 (+0.43%)
Îáúåì 24H $34.039b
Èçìåíåèÿ 24h: 6.41 %, 7d: 4.49 %
Cåãîäíÿ L: $61392.69 - H: $65392.41
Êàïèòàëèçàöèÿ $1286.302b Rank 1
Öåíà â ÷àñ íîâîñòè $ 7502.38 (770.38%)

bitcoin 8216 signal buy death killing make

Èñòî÷íèê: newsbtc.com

bitcoin 8216 → Ðåçóëüòàòîâ: 126


Ôîòî:

Bitcoin Remains the Best Cryptocurrency Investment, According to Wall Street Trader

Bitcoin has had a rough 2018. However, it is still hands down the best cryptocurrency investment — an opinion shared by one prominent Wall Street trader.   ‘The use case for bitcoin is valid today’ While the vast majority of the cryptocurrency market remains speculative at best, Bitcoin remains one of the only cryptocurrencies which people are actually using.

2018-7-11 19:00


Wall Street’s Crypto King Calls Bitcoin ‘Currency of the Internet’

Wall Street’s “Crypto King” sat down with the panel on CNBC’s Fast Money to discuss Bitcoin’s utility, calling the digital coin the “currency of the internet. ” Bitcoin is the Best Crypto Investment Bart Smith, head of digital asset trading at Susquehanna International Group, dubbed the “Crypto King” of Wall Street for his expertise on the space.

2018-7-11 13:00


Ôîòî:

Bitcoin Cash: BitPico ‘Stress Test’ Claims To Show Node Centralization

A new discovery in BitPico’s “stress test” on Bitcoin Cash (BCH) has allegedly unearthed further evidence of the altcoin’s centralization. Nodes ‘In Same Server Rack’ According to the group, which began focusing its attention on BCH last month after conducting similar “test” on Bitcoin’s (BTC) Lightning Network, a number of full nodes on its network are “located in the same server rack.

2018-7-10 20:00


Ôîòî:

Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past

Over the past year, cryptocurrencies like bitcoin have gained in value and some people have ‘cashed out’ their digital assets in order to purchase cars or a new home. However, some people who have sold cryptocurrencies in the past may have a hard time getting a home loan even though they have the funds to […] The post Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past appeared first on Bitcoin News.

2018-7-10 03:05


Ôîòî:

Ignorance is Bliss! Reactionary Economists Keep Yelling at Bitcoin

Joseph Stiglitz, Nouriel Roubini, and Kenneth Rogoff have once again come out of the woodwork to attack Bitcoin — though they might need to get their facts straight.   ‘No Government Can Allow That’ Joseph Stiglitz, a Nobel Prize-winning economist and professor at Columbia University, believes Bitcoin will be shut down by governments around the world — while illustrating a serious lack of knowledge on what Bitcoin even is.

2018-7-9 21:00


Ôîòî:

Privacy-Centric ‘Bob Wallet’ Adds Bitcoin Cash Support

Privacy is important in the cryptocurrency ecosystem to a large number of individuals, and people believe private transactions are needed badly these days in a society watched by the ‘deep state.’ Because people find privacy to be extremely important, some developers have designed bitcoin mixers and tumblers that help obfuscate cryptocurrency transactions recorded on public […] The post Privacy-Centric ‘Bob Wallet’ Adds Bitcoin Cash Support appeared first on Bitcoin News.

2018-7-9 00:15


Ôîòî:

Estimated 4 Million Bitcoin is Lost Forever by Users’ Forgetfulness

As much as 20 percent of all the Bitcoin in existence is lost forever, Chainalysis has revealed — as the research firm says it handled contracts worth $750,000 since 2016. ‘We Don’t Help People Find Lost Bitcoin’ In comments to The New York Times, Chainalysis said that user failures to create robust methods of password storage meant as much as $20 billion of Bitcoin is locked out of reach.

2018-7-7 03:00


Ôîòî:

Tokenize It With Bitcoin! Giacomo Zucco Unveils Lightning Asset Protocol

BHB Network founder and self-confessed Bitcoin maximalist Giacomo Zucco has revealed a Lightning Network-enabled protocol for launching tokenized assets on the Bitcoin blockchain. In Support Of ‘Bitcoin-based Non-Bitcoin Assets’ RGB, “promoted” by the BHB Network, describes itself as “a completely free, open-source, non-profit and community-oriented effort… aimed at the development of standards and best practices to issue, transmit and store ‘Bitcoin-based non-bitcoin assets.

2018-7-5 19:00


Ôîòî:

‘Intense’ Bitmain Lobbying Forcing Smaller Bitcoin Miners Out of Quebec

A month after authorities in Quebec lifted a moratorium on allowing Bitcoin miners, local businesses have begun threatening to leave suspecting unfair policies. ‘Very Saddened’ In a series of tweets June 28, D-Central founder Jonathan Bertrand claimed that due to conflicting interests and agendas at government level, as well as an “intense lobbying effort” from the world’s largest mining corporation Bitmain, had left smaller participants “completely stunned.

2018-7-4 17:00


Ôîòî:

‘Miners Are Miners Again’: Bitcoin Core Dev Launches Alternative Mining Protocol

Bitcoin core developer Matt Corallo has launched a mining pool which aims to increase decentralization as Bitcoin mining becomes increasingly monopolized. Corallo: Miners ‘Have No Control’ Beginning June 25 but still with what Corallo describes as “vulnerabilities,” the pool uses BetterHash, a protocol which seeks to offer mining pool users the option to use their own block templates rather than those prescribed by pool owners.

2018-7-3 20:00


Ôîòî:

Bitcoin Market ‘Still in a Growth Phase,’ Says Bullish Trading Expert

Octagon Strategy trader Ryan Rabaglia reminds investors to look at the bigger picture for Bitcoin, while claiming increased regulation will eventually drive prices higher. ‘The Markets are Still in a Growth Phase’ A trending belief in the cryptocurrency space over recent months is that increased regulatory clarity will drive the price of Bitcoin higher and help it break out of a half-year-long bearish trend.

2018-7-3 10:00


Ôîòî:

‘Extinguishing Capacity’: Bitcoin Could Swallow All M1 Fiat At $223K Per Coin

$223,186 is the price Bitcoin would need to be in order to convert the entire world supply of fiat currency, industry figures calculated July 2. M1 Fiat Could Go At Less Than $250k Part of an ongoing debate on social media, Blockstream CEO Adam Back and CSO Samson Mow joined Bitcoin Think editor Beautyon in discussing the phenomenon of ‘hyperbitcoinization’ – the as yet untested process by which consumers abandon fiat en masse for Bitcoin.

2018-7-3 00:00


Ôîòî:

‘Satoshi Nakamoto’ Releases Excerpts From Upcoming Book — Is it a Hoax?

This past Friday, someone claiming to be Satoshi Nakamoto — the person or collective people who created the cryptocurrency Bitcoin, posted a 21-page excerpt from a new ‘literary work. ’ Is it all just clever distractions from hoaxers, or will we soon know more about Nakamoto’s true identity? ‘…A Long Answer?” On June 29, a website, nakamotofamilyfoundation.

2018-7-2 20:00


Ôîòî:

New Report Warns EU Policymakers Not to Ban Bitcoin

New research analysis on cryptocurrencies for the Economic and Monetary Affairs Committee of the EU parliament cautions lawmakers neither to ignore nor “attempt to ban” virtual currencies.   A ‘Contemporary Form of Private Money’ The report, provided by Policy Department A at the request of the European Union Parliament’s Economic and Monetary Affairs Committee, is titled Virtual currencies and central banks monetary policy: challenges ahead.

2018-7-2 14:00


Ôîòî:

Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder

BitMEX co-founder Arthur Hayes has once again reiterated his prediction that the price of Bitcoin will reach $50,000 by the end of the year — but maybe not before exploring lows around $3,000. ‘One Positive Regulatory Decision Away’ Arthur Hayes, co-founder of cryptocurrency trading platform BitMEX, has doubled down on his year-end prediction for bitcoin late last week, telling CNBC’s “Fast Money” that the market leader will hit $50,000 before the year is through — but Read More The post Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder appeared first on Bitcoinist.com.

2018-7-2 13:00


Ôîòî:

Bitcoin To ‘Disappear In A Puff Of Smoke?’ — Or Are The Fires Just Getting Stoked?

The bears are again out in full force, grumbling on about the impending death of Bitcoin.   History and fundamentals suggest that the cryptocurrency is far from becoming ‘wiped out. ’ ‘A Puff Of Smoke’ I’ve been reading a lot of news lately about the declining price of Bitcoin and have received some ‘I told you so’s’ from nay-sayers claiming that once again, ‘Bitcoin is dead.

2018-7-2 04:00


Ôîòî:

Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners

Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners.   Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output.

2018-7-1 19:00


Ôîòî:

Bitcoin Futures ‘Too Small’ to Cause BTC Bear Market

Experts have suggested that the bitcoin futures price effect may be so negligible as to have had almost no impact on the recent BTC price slide. Speaking to Crypto Briefing, Mati Greenspan, a senior market analyst from eToro, explained that in comparison to the volume on prominent exchanges, the BTC futures market was not large enough to […] The post Bitcoin Futures ‘Too Small’ to Cause BTC Bear Market appeared first on Crypto Briefing.

2018-6-30 16:55


Ôîòî:

$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

European law enforcement agencies dismantled a Darknet drug trafficking network, seizing almost 800,000 doses of LSD and over $5 million in Bitcoin, IOTA, and Lumens. The Infamous ‘Darknet’ The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht.

2018-6-30 10:00


Ôîòî:

Poland Bitcoin Community Files Complaint Against Bank Account ‘Denials’

Poland’s cryptocurrency industry lobby group the Polish Bitcoin Association (PBA) confirmed it has complained to regulators about banks’ denial of services to businesses June 27. Banks ‘Aim To Remove Virtual Currency’ In a statement sent to the Office of Competition and Consumer Protection (OCCP), the PBA cites financial institutions closing and denying bank accounts as proof they “clearly aim at removing virtual currency entities from the market.

2018-6-30 07:00


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru