The Word “Bullish” as a Trading Signal?
According to cryptocurrency trading charting tool ChartStar, there is some correlation between the phrase “bullish” as mentioned on Reddit groups and the price of Bitcoin.
According to cryptocurrency trading charting tool ChartStar, there is some correlation between the phrase “bullish” as mentioned on Reddit groups and the price of Bitcoin.
The Bitcoin halving, which occurs every 4 years is set to happen around May 2020. The issuance of new bitcoin will decline by 50%.Â
Another reason is the increase in the number of crypto initiatives by companies like Facebook and Square.
Blockchain analytics site Statoshi reveals 500 million transactions on the Bitcoin network, a major milestone for the 10-year old network.
Many are speculating the ban is because the user might have used a “mixer service”.
In a separate report, blockchain analytics company Chainalysis said $4 billion in bitcoin was sent through payment processors in 2019. Ether and the other cryptos only make up a small percentage of the transactions.
February 3, 2020 – In an interview on the Keiser Report, Morgan Creek Capital CEO Mark Yusko said a 1% Bitcoin allocation must be in every investment portfolio, coinciding with the report that Bitcoin is the best performing asset of the decade. Bitcoin’s volatility has had many investors looking the other way, but many investors…
“People should not only be familiar with the exchange rate of Bitcoin. It is one of just many metrics you can use to observe the evolution of ecosystems.”
While Square is a company that enables money to move around, it will focus on “services that add value” once cryptocurrency becomes the currency of the internet.
OKCoin is one of the earliest crypto exchanges, having been established in 2013. As such, according to CEO Tim Byun, the company is “especially invested in the development of the ecosystem.”