Blog Archives

Did India and Venezuela together power the Bitcoin Bull Run?

Apart from the visible factors, there were other global drivers of adoption that helped the cause. Let’s dive into what we believe are two major factors that pulled in the volumes

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Global markets tank, Bitcoin’s uncertainty lets Gold regain its stature as ‘Safe Haven’

The global markets slumped on January 12, 2017 after a news conference by President-elect Donald Trump. Assets declined across the globe with European, Asian shares and S&P 500 futures all falling, while the dollar slumped against most currencies. The conference disappointed the institutional investors with reveals to very little details as to economic and trade plans. This element of uncertainty resulted in a major slump in US dollar trading after recovering from a three week low. Surprisingly even after so much market commotion …

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Bitcoin crashes as China acts up on regulations

China’s financial regulators are reportedly seeking opinions on how to regulate the trading of bitcoin and have contacted the exchanges on the same. One of the proposed methods may include setting up a depository platform. Chinese exchange BTCC – one of three leading bitcoin trading platforms spoke to by the People’s Bank of China last Friday.

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Investors Rush for the Exits as China Moves to Halt the Rally in Bitcoin

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Bitcoin: It’s all technical

Bitcoin market has always followed the standard rule of currency markets: market trades all the regions adequately before moving to higher levels. It is very important to keep this in mind as market has always come back to trade low volume regions before resuming the Bull Run. This was evident when market went from $700 to $800 level and crashed back to compensate the lack of volumes.

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Bitcoin is Set to Displace the Bolívar in Venezuela

Bitcoin is shaping up to be the unofficial legal tender in Venezuela as the country continues to suffer the effects of hyperinflation in its currency. Venezuela has become a shadow of its former self as the once prosperous oil-rich country now struggles to provide citizens with the most basic needs of life.  The global crash in oil prices dealt a tragic blow on the country’s economy – its foreign reserves had $43B in 2009 but it has less than $11B now.

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Bitcoin is tipping the scales in the Remittance Industry: Heavy adoption

bitcoin remittance

‘Borderless’, ‘Peer to Peer’ and ‘Low transactional charges’- prime attributes of Bitcoin that has made its adoption conceivable. Interestingly these are the factors that helped the cryptocurrency to find its place in the remittances industry.

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2016 Overview & 2017 Outlook: Bitcoin Analysis, Commentary and Strategies

Bitcoin IRA

 

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Bitcoin to the Moon in 2017

Bitcoin Rocket

On Monday, January 2, 2017, Bitcoin built enough momentum to cross the $1000 milestone once again after it reached a 3-year high of $1,033. On Tuesday, January 3, 2017, Bitcoin showed that the gains in first trading day of the year were here to stay.

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What the Trump Presidency means for the currency markets

Trump

The reality is still sinking in on the fact that Donald Trump will be the 45th president of the United States of America; contrary to what all polls predicted prior to the November 8th elections. With his victory comes a control over both the House of Representatives and the senate. This would be good news for the US people since most the legislation processes will be fast tracked due to the Republican majority in the congress. However, there is a lot of uncertainty surrounding Trump presidency that has left both the laymen and the economic experts confused alike.

Immediately it was clear that president-elect Trump was winning the November 8th elections markets started fluctuating, with the US stock market rallying upwards. On the Wednesday immediately following the Tuesday elections, the Dow Jones Industrial Average closed up 256 points to trade at 40 points shy of its all-time closing high. On the other hand the S&P 500 index closed at 1.1% higher; while the Nasdaq Composite Index closed the trading day at 1.4% higher. The rally came as a shock just like Trump’s victory was a shock to the whole world; with analysts attributing the up surge to the optimistic victory speech that Trump gave on the election night. (more…)

Why It’d Be Dumb to Sell Gold on the Account of a Rising Dollar

gold and usd

As it becomes increasingly likely that the US Federal reserve will raise rates as early as December (and yes, you might be reading this after the December meeting, but it still applies), gold is under pressure. The market logic is that, with a rate increase indicating that the US economy is getting stronger, the US dollar, in turn, grows stronger relative to other major currencies.

Since investors perceive the US economy as both stable and strong, they usually have their wealth stored in dollars, hence, the reason why the dollars is a reserve currency. However, once there’s panic around the US economy, which invariably threatens the value of the dollar, investors would understandably start looking for ways to secure their wealth, which would involve storing their wealth in anything other than the US dollar. Here’s where gold comes in to play, since it’s viewed as a preserver of wealth. (more…)

YTD Performance: Real Bitcoin compared to Fake Bitcoin. Thoughts?

GBTC has titled auditable ownership through a traditional investment vehicle and Bitcoin IRA just has real bitcoin. Read More