Bitcoin Price Is Correlated To Stocks

In market legend traders take naked directional positions and make their fortunes by predicting the future. According to theory, this is an impossible task. The trading industry won’t have you believe this because their pay checks often depend on the imaginary gift of calling market direction. The history of Wall Street is strewn with amazingContinue reading “Bitcoin Price Is Correlated To Stocks”

Bill Gates: I would short bitcoin if I could

Bitcoin and other cryptocurrencies are “kind of a pure ‘greater fool theory’ type of investment,” Microsoft co-founder Bill Gates said Monday on CNBC’s “Squawk Box.” “I agree I would short it if there was an easy way to do it,” he said. Gates added someone once gave him some bitcoin for his birthday, but he sold itContinue reading “Bill Gates: I would short bitcoin if I could”

Ethereum price analysis – Temporary downwards price correction

After rising to a week high of $838 on Sunday, a downwards price correction attempt began pulling ethereum price downwards to a day low of $685 on Monday. Even though the price of ether dipped below the support level around $713.24, it rose within less than 8 hours above this significant support level which correspondsContinue reading “Ethereum price analysis – Temporary downwards price correction”

Film Industry Looks Towards Cryptocurrency To Combat Piracy By Rewarding Users To Watch Free Content

While it’s common for moviegoers and film buffs to pay to consume content, piracy has become an ongoing issue. One of the driving forces behind pirating video content is the consumers’ desire to watch new content as soon as it’s released, without having to pay to see movies in theatres or through subscription-based platforms, likeContinue reading “Film Industry Looks Towards Cryptocurrency To Combat Piracy By Rewarding Users To Watch Free Content”

Ripple Price Retraces By 3.20% As XRP Falls to $0.87

Ripple price has been aiming at $1 for quite some time now. However, it appears that the goal is slowly evading the currency as a slight retracement has taken place – bringing the price down to $0.87. Over the past few weeks as markets gained momentum and recovered, Ripple was one of the biggest gainersContinue reading “Ripple Price Retraces By 3.20% As XRP Falls to $0.87”