The recent resurgence in the bitcoin price, which has soared more than 200% so far this year, and pushed up the wider cryptocurrency market including Ripple’s XRP, has triggered some fence-mending between the two camps with the Ripple chief executive Brad Garlinghouse making a “turnaround” on bitcoin and declaring he is “long” on bitcoin.“I don’t think that there will be one crypto to rule them all,” Garlinghouse said, speaking at the Fortune Brainstorm Finance 2019 conference. “I own bitcoin and am long bitcoin.”Bitcoin has risen over 200% since the start of 2019 after losing some 80% of its value
Tag: altcoins
Cryptocurrency Relative Strength Analysis Report For Week Starting 6/23/19
When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin. Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin.
When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.
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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy
Will Mike Novogratz Be Right This Time??? – Part 3
During an interview with CNN on May 9th, Mike Novogratz published on May 9 said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. I wrote about his interview about a month ago and laid out some levels to monitor en route to $10,000.
NOTE: Mike is a former Goldman Sachs partner and now represents Wall Street’s transformation to the Crypto Space.
Will Mike Novogratz Be Right This Time???
And en route to $10K, price was making demand zone after demand zone and taking out supply zones after supply zone.Thus, the chart
Crypto Top 20 – in one paragraph apiece
I’ve never kept my feelings towards the various cryptocurrencies a secret, but I’ve also never summed them up and put them down in one easily accessible place before. While I would love to review 1000 of them for you, that’s rather infeasible, instead I have elected to use the CoinMarketCap list of top 20 coins by market cap.
This isn’t an in-depth review, it’s just to let you know what I, The Mighty Bit Brain – keeper of arcane crypto knowledge and wisdom, think of the main cryptocurrencies currently dominating the market.
The Top 20 in one paragraph apiece
BITCOIN
The original crypto. Now
Binance Continues To Make Money Moves
Binance, one of the largest cryptocurrency exchanges by volume, is issuing a bitcoin-backed token, the firm announced in a blog post on Monday.Named BTCB, the tokens are reportedly 100% backed by bitcoins held in a reserve address, and will be issued by the exchange’s native blockchain network, Binance Chain.BTCB’s launch is part of a larger move by the exchange to boost the selection of tokens available for trading on Binance DEX, Binance’s recently-launched decentralized exchange. BTCBs will be available for trading via a BTCB/BTC trading pair on Binance’s main platform, and can then be transferred to Binance DEX for trading.“With
Altcoin Buying Masterplan (it’s working…)
I often share information about the coins I hold and buy. While I sometimes categorise or group them, I rarely look at my portfolio as a whole and explain it in broad terms.
This post is to explain the broad rationale behind why I buy what I buy. It’s to give you an idea of why I am focusing my altcoin investments where I am, and perhaps an idea of how that is working for me so far.
Turn back the clock
Little story of my crypto history:
Like many crypto investors, I was doing very well in 2017. Not wanting him to miss
Crypto Analysis Report 6-17-19…Look For Catalysts To Push Bitcoin Higher
Bitcoin, which has been rallying hard over recent months, has hit a fresh year-to-date high, breaking the psychological $9,000 level for the second time this year and leaving investors eyeing the $10,000 mark.Bitcoin and cryptocurrency sentiment has been boosted recently by news social media giant Facebook is looking to create its own cryptocurrency, with details of the Palo Alto company’s plans expected to be fully revealed on Tuesday this week.Meanwhile, bitcoin traders and investors are looking ahead to next year’s bitcoin halvening event which will see the daily bitcoin supply cut by half overnight, with some predicting this will cause
Cryptocurrency Relative Strength Analysis Report For Week Starting 6/16/19
When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin. Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin.
When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.
Source Image
Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy
Will Bitcoin SV Meteoric Rise Continue???
Bitcoin SV (stands for Satoshi’s Vision) has received another boost on Thursday. The cryptocurrency jumped from $190.00 to $220.00 in a matter of three hours after the Financial Times published a story on SegWit and Bitcoin transaction fees and cited Craig Wright on the issue. The development caused massive FOMO and Bitcoin SV buying; however, the speculative agitation seems to be fading away now.
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Craig has a issues with coins/protocols that combine multiple Bitcoin transactions into a single transaction which makes it harder to track whose money has been where.
Bitcoin SV attempts to fulfill the original Bitcoin protocol, hence the name
Don’t Sleep On Litecoin’s Halving Event – Part 2
Litecoin is up more than 300%, trading at levels not seen since the Spring of 2018 and even has outpaced Bitcoin in 2019. The main catalyst behind Litecoin’s meteoric rise in 2019 is no other than the Litecoin halving event on Aug. 8th, in just under 60 days. I talked about Litecoin’s halving event 17 days ago.
The current momentum is likely coming from the halving event which is predicted to occur on August 6, just 73 days away. The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. This effectively










