Though it may only be temporary, bitcoin’s value has dropped so significantly that bitcoin mining is no longer profitable, according to Fundstrat’s Thomas Lee. Despite remaining bullish about the cryptocurrency, he feels miners are likely to feel more pain than gain for a little while. Also see: Money Moves: Coinbase Gets Barclays Account, U.K. E-Money License Subscribe … [Read more...] about Bitcoin Mining – No Longer Profitable After Price Dumps?
bitcoin price drop
Well-known Wall Street strategist Tom Lee has developed a new tracker dubbed the "Misery Index", that signals when to buy bitcoin. With BTC now sitting around $9,370 USD after a week of (mostly) drops, the indicator suggests it's time to buy. At the same time, Lee, a known bitcoin bull, also repeated his earlier predictions that BTC would reach $25,000 by the end of the … [Read more...] about Tom Lee’s New ‘Misery Index’ Suggests It’s Time to Buy Bitcoin
Following bitcoin’s drastic fall in price in January 2018, many are breaking out the champagne over its sudden rise back to $11,000 USD. It’s a major move for die-hard investors but, as we’ve come to realize, the threats of a crash are always lurking in the shadows, and should one ever come along, it seems retail investors would deal with the hardest repercussions. Also … [Read more...] about Crypto-Market Crash Would Hit Retail Investors the Hardest, Says New Report
Bitcoin is falling. At press time, the father of cryptocurrencies is trading for around $8,580 USD on Coinbase – the lowest it has been seen since last November -- following several consecutive days of losses. And yet, commentators don’t seem that worried. Why? Also read: South Korean Govt: “We Are Not Banning Cryptocurrency, Trading” Subscribe to the Bitsonline YouTube … [Read more...] about Bitcoin is Tanking, but There’s Still Plenty of Faith
Bitcoin fell through the important $10,000 USD psychological floor today, dropping back into four-figure price territory and hitting its lowest point since the end of November 2017. It wasn't alone on the battlefield though, with all but a handful of CoinMarketCap's top 100 digital assets taking double-figure percentage hits. Also read: NIST Has Already Amended Its … [Read more...] about Hold My Beer: Bitcoin Crashes Below $10K in Another ‘Red Day’ for Cryptos