Warren Buffett likes to dollar-cost average into major stock market indices but data shows that the same strategy has worked very well for Bitcoin buyers too.

Warren Buffett has a message to young investors: dollar-cost average into major stock market indices. However, data shows that the same strategy has worked quite well for Bitcoin (BTC) too over the past decade.

The term dollar-cost averaging or DCA refers to a strategy when an investor divides up the total amount to be invested into periodic purchases of the given asset. The theory behind this investment strategy is that when an asset goes up or down, investors can benefit from both reducing the negative impact of price volatility.

Buffett has long expressed his ... Read more »

Category: News | Views: 53 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

Bitcoin price traded to a new monthly high at $14,081 before starting a downside correction against the US Dollar. BTC is now approaching the $13,600 and $13,500 support levels.

Bitcoin extended its rise above the $13,500 and $13,800 resistance levels.
The price traded as high as $14,081 and settled well above the 100 simple moving average (4-hours).
There is a key rising channel forming with support near $13,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could resume its rise as long as it is trading above the $13,600 and $13,500 support levels.

Bitcoin Price Correcting Gains

This past week, bitcoin followed a bullish path above the $13,000 resistance against the US ... Read more »

Category: News | Views: 18 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

Ethereum struggled to continue higher and declined below $400 against the US Dollar. ETH price is consolidating losses and it must surpass $395 for a fresh rally.

ETH price corrected lower below the $400 and $392 support levels against the US Dollar.
The price is trading near the $385 zone and the 100 simple moving average (4-hours).
There is a major bearish trend line forming with resistance near $395 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to rally if it clears the $392, $395 and $396 resistance levels.

Ethereum Price is Facing Key Hurdles

This past week, Ethereum started a downside correction from well above $400 against the US Dollar. ETH price even traded belo ... Read more »

Category: News | Views: 42 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

Bitcoin has undergone a massive rally over the past two weeks. From the lows set after the news broke regarding OKEx, the leading cryptocurrency has surged higher by almost 25%. As of this article’s writing, Bitcoin trades for $13,800.

Despite this rapid move to the upside, not all analysts are convinced that the true Bitcoin breakout has taken place. That’s to say, Bitcoin could soon see even more explosive movement.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Hasn’t Even Seen Its True Breakout Yet

A crypto-asset analyst shared the chart below on October 31st, sharing the sentiment that Bitcoin’s volatility is ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin.

At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors. According to the data, 13 entities have amassed close to 600,000 BTC — about 2.85% of all Bitcoins and worth approximately $6.9 billion.

The list includes MicroStrategy at the top, with close to 38,250 BTC (about $450 million). The second on the list is Galaxy Digital Holdings with 16,651 BTC (about $198 million). The third, with 4,709 BTC, is the payment company Square Inc., founded by Twitter’s CEO Jack Dorsey. Separately, some companies help their clients inve ... Read more »

Category: News | Views: 41 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

The monthly Bitcoin price candle closed above $13,000 for the first time since 2017 when BTC hit an all-time high of nearly $20,000.

The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level.

Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading activity.

The monthly chart is considered to be one of the main high time frame charts alongside the weekly chart. A clear breakout above an ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

As Cashaa launches crypto banking services in India, the cryptocurrency industry continues to grow despite uncertain regulations.

The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches by next year. 

Considering that India is largely a savings-driven economy, Unicas will also offer crypto saving accounts that pay interest on deposited crypto. This could act as a catalyst for co-operative credit societies in India to enter the market and make ... Read more »

Category: News | Views: 48 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have been revealed this year.

At the time of publication, the Bitcoin (BTC) mempool (backlog of transactions) shows 113,000+ unconfirmed transactions and the backlog hasn’t been this high since 2017. When the bull run took place three years ago, transaction fees and unconfirmed transactions shot through the roof. Currently, according to bitcoinfees.cash data on October 31, the next BTC block fee is $10.77 and the current med ... Read more »

Category: News | Views: 38 | Added by: 4zvezda | Date: 01.11.2020 | Comments (0)

Bitcoin could be on the cusp of posting a move to fresh all-time highs if it can close its monthly candle today above one critical level.

The benchmark cryptocurrency has been caught within the throes of an intense uptrend throughout the past several days and weeks, with each selloff being fleeting and followed by it setting higher highs.

This type of price action shows that it is now in a clear bull market, and the fundamental and technical strength underpinning it at the present moment suggests new all-time highs could be on the table.

One analyst is stating that a monthly close above $13,900 could be all that it takes to rally significantly higher in the days and weeks ahead.

In 2017 during the peak of the b ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

Top coins in the decentralized finance (DeFi) space such as Uniswap’s UNI and AAVE have slipped lower even as Bitcoin inches higher. Most top DeFi coins have dropped approximately five percent in the past 24 hours as per CoinGecko while Bitcoin has gained over 2%. The leading cryptocurrency briefly traded above the pivotal $14,000 resistance level today but has since dropped due to large sell orders in the $14,000 range.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Strong Fundamentals Contadict Drop in Coins Such Uniswap, Aave, & More

The strong decline in the coins of top DeFi players such as Uniswap, Aave, Synthetix, and Yearn.finance is c ... Read more »

Category: News | Views: 38 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)

Bitcoin price traded to a new monthly high at $14,081 before starting a downside correction against the US Dollar. BTC is now approaching the $13,600 and $13,500 support levels.

Bitcoin extended its rise above the $13,500 and $13,800 resistance levels.
The price traded as high as $14,081 and settled well above the 100 simple moving average (4-hours).
There is a key rising channel forming with support near $13,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could resume its rise as long as it is trading above the $13,600 and $13,500 support levels.

Bitcoin Price Correcting Gains

This past week, bitcoin followed a bullish path above the $13,000 resistance against the US ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 01.11.2020 | Comments (0)