Bitcoin Buying

It took Bitcoin price around three months to fall by 50%, and investors wonder how low it can go. While this is not the most profound decline in BTC price, it certainly caught the market attention.  As experts discuss the reasons behind the fall, traders are proposing a more practical approach. Today, in particular, we will take a look at the opinion of Chinese investors on the matter. As a first step, we will briefly analyze the recent price decline…

Imagine you would have decided to invest in Bitcoin for $1,000 apiece in early 2017. By the end of that year, you would have made approximately $20,000 profit by selling 1 BTC. However, if you had waited a year more, your ROI would have been only around $2,500. The 2017 Bitcoin bubble saw many one-time investors exit the crypto market. They were those who started selling when the BTC price began to plummet. On the other hand, those who "hodled" licked…

Before Bitcoin’s dramatic price increase earlier today, an unknown buyer bought $1.6B worth of cryptocurrency in five minutes. That’s more than Elon Musk– one of the world's richest men– spent on Bitcoin in February. Whales Pumping Bitcoin’s Price CryptoQuant CEO Kim Young Ju revealed the massive purchase earlier today, using his company’s on-chain data. According to a chart comparing price and buy volume on all exchanges, buy volume massively spiked early on October 6th. This was naturally coupled by an 8% price…

Despite being in existence for over a decade, Bitcoin (BTC) is going mainstream now. Unfortunately, its relative newness has bred the perfect ground for myths and misconceptions about it to thrive. For the most part, the mainstream media hasn't helped its cause either. Ignorance about their function has seen them misrepresent and downright discredit it. Opinion and news pieces portraying them as a scandal and a bubble waiting to pop abound, even in respected outlets. So for a budding investor,…