Depth and Duration of the Bitcoin Price Bear Market – Elliott Wave Analysis Part 1 of this series of analysis articles introduced Elliott Wave Principle (EWP). The core assumption is counter-intuitive, at first: The Wave Principle argues that markets are not driven by fundamentals or news, but instead by “social mood” – the collective psychology […]
Trust has always been the basis for successful businesses: face to face, two parties clarify the final details of their agreement and reach out to each other in a spirit of trust after the deal has been closed. However, in the context of globalization, business processes are increasingly being shifted to the digital realm – […]
After Microstrategy, another company is allocating part of its liquid assets to Bitcoin. The financial services and mobile payment company Square, headquartered in San Francisco, announced that it has purchased 50 million USD of the cryptocurrency. Founded in 2009 by Jack Dorsey (Twitter co-founder) and Jim McKelvey, the company launched its first service in 2010 […]
This is part 1 of the long-term analysis of the bitcoin price chart based on the technical perspective provided by the Elliott Wave Principle (EWP). This article is an introduction to EWP while part 2 will apply the principle for price and date targets. EWP was proposed by Ralph N. Elliott in his 1938 book […]
Bitcoin is rather hard to classify as an asset class. It shares some similarities with already existing classes but due to its unique collection of similar yet often non-overlapping attributes, it never quite fits any established mould. We explore the history and future of Bitcoin as an asset class. Since its creation following the financial […]
Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This is the only way to create new Bitcoin and is a highly expensive process. We will provide a summary of the history and profitability of Bitcoin mining businesses. Bitcoin mining has come a long way since it launched in 2009. […]
One of the biggest food delivery services, Just Eat, accepted bitcoin as a payment means on the territory of France. This includes over 15,000 restaurants and is possible through partnering with Bitpay. At the beginning of this year, the delivery services Just Eat and Takeaway.com merged, which was the time for rebranding. Together with the […]
The Russian Ministry of Finance has developed a new bill, tied up to an earlier try to ban cryptocurrencies. If the law passes, it will have a significant effect on Russia. This first bill is the predecessor of a comprehensive law to cover all the details for cryptocurrency regulation. This draft with the name “About […]
Bitcoin USD daily basis Bitcoin USD daily basis – a drop returns bitcoin to USD 10,000The reported week featured a massive price drop by the middle of the week that nullified the previous week’s uptrend. Monday and Tuesday were similar to the last trading days, with the high values for each day’s lows and highs. […]
Technological innovations are now virtually the order of the day, and digitalization is not even stopping at our means of payment. Crypto currencies on the advance An incredible 6,510 crypto currencies with a total market capitalization of 309 billion EUR are currently in use around the globe according to CoinMarketCap. By far the most popular […]
