Day: March 2, 2020

DCA – The ‘Boring,’ Sensible Bitcoin Investment That Could Double Your Money in 2.5 Years

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Dollar Cost Averaging (DCA) as a crypto investment method may not be the most thrilling way to speculate on the bitcoin price, but it is one of the most level-headed, according to proponents. Using a simple online DCA calculator, one can choose a plan for buying small amounts of bitcoin at regular intervals. While the technique may result in missing out on some true bottoms, it also avoids compulsive FOMO buying during peaks, and rests on the age-old adage that “slow and steady wins the race.” Also read: Market Update:…

DCA – The ‘Boring,’ Sensible Bitcoin Investment That Could Double Your Money in 2.5 Years

boss

Dollar Cost Averaging (DCA) as a crypto investment method may not be the most thrilling way to speculate on the bitcoin price, but it is one of the most level-headed, according to proponents. Using a simple online DCA calculator, one can choose a plan for buying small amounts of bitcoin at regular intervals. While the technique may result in missing out on some true bottoms, it also avoids compulsive FOMO buying during peaks, and rests on the age-old adage that “slow and steady wins the race.” Also read: Market Update:…

S.Korea Coronavirus Outrage Triggers 1.4 Million-Strong Impeachment Vote

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Public anger against the government’s coronavirus response sees a petition for the impeachment of South Korean President Moon Jae-in surpassed 1.4 million votes. The government is under fire after several controversial statements outraged millions of people. This week, the Health and Welfare minister said the biggest cause of coronavirus outbreak in South Korea are Korean nationals that came from Wuhan, not China. A petition calling for the impeachment of South Korean President Moon Jae-in has surpassed 1.4 million voters. In South Korea, if a petition released on the Blue House’s forum…

Bitcoin is Showing Early Signs of Fresh Rally, But 100 SMA is the Key

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Bitcoin is likely forming a short term bottom near $8,400 against the US Dollar. However, BTC price must climb above the 100 hourly SMA and $8,800 to start a fresh increase. Bitcoin is currently consolidating above the $8,400 and $8,500 support levels against the US Dollar. The bulls need to gain control above $8,700 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $8,575 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…

Ripple Says Stablecoins Could be Created on XRP Ledger

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Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding.  RippleNet has been developed significantly since it was created in 2012. The system’s users have long had the ability to perform transactions on a decentralized ledger. Soon they may be able to take advantage of a feature on the network which would allow them to mint asset-backed tokens like stablecoins on the XRP ledger. According to a video released by Ripple last…

Ripple (XRP) Likely Forming Double Bottom But Can Bulls Take Control?

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Ripple retested the key $0.2240 support area against the US Dollar. XRP price could start a strong recovery wave once it clears the $0.2350 and $0.2380 resistance levels. Ripple price is showing a few positive signs above the $0.2240 level against the US dollar. The price is likely forming a double bottom pattern near the $0.2240 level. There is a key bearish trend line forming with resistance near $0.2330 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either start a strong rally towards…

Analyst Who Called Bitcoin’s 2019 Price Action Warns of Potential Pullback to $6,000

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Joel Kruger, currency strategist at LMAX Group, in December 2018 remarked that he expects for Bitcoin to end 2019 between $5,000 and $8,000. And that it did, with the cryptocurrency ending the year right around the upper-middle of that range in the low-$7,000s. The analyst recently sat down with cryptocurrency media outlet BlockTV to talk where he expects the price of the leading cryptocurrency to head next. Bitcoin Could Fall All the Way to $6,000 Before Catching Bid Kruger explained that there’s a good chance Bitcoin could retrace towards $6,000 in the…

Analyst Who Called Bitcoin’s 2019 Price Action Warns of Potential Pullback to $6,000

boss

Joel Kruger, currency strategist at LMAX Group, in December 2018 remarked that he expects for Bitcoin to end 2019 between $5,000 and $8,000. And that it did, with the cryptocurrency ending the year right around the upper-middle of that range in the low-$7,000s. The analyst recently sat down with cryptocurrency media outlet BlockTV to talk where he expects the price of the leading cryptocurrency to head next. Bitcoin Could Fall All the Way to $6,000 Before Catching Bid Kruger explained that there’s a good chance Bitcoin could retrace towards $6,000 in the…

Governor Cuomo Confirms the First Coronavirus Case in New York State

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New York State governor Andrew Cuomo confirms the first case of the novel coronavirus. The patient is a woman in her 30s who presented respiratory symptoms after traveling to Iran. The news came after the coronavirus death toll eclipsed 3,000. Governor Andrew Cuomo took to Twitter on Sunday night to reveal the first coronavirus (COVID-19) case in the state of New York. In the tweet, the governor provided general details of the patient. These details included how she became infected as well as her symptoms. The patient, a woman in…

Here’s Why Ethereum Recovery Won’t Be Easy, $140 Holds Key For Next Rally

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Ethereum is currently consolidating above the $212 support area against the US Dollar. ETH price must climb above $228 and $238 to start a strong recovery in the near term. Ethereum is showing a few positive signs above the $212 level against the US Dollar. The price is likely to retest $228, which is the first major hurdle for the bulls. There is a key bearish trend line forming with resistance near $228 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also consolidating above the…