Bitcoin crash is not something new | IOL Business Report
Economy / 18 March 2018, 10:00am / Sizwe Dlamini Video: Is this Durban?s best beach? Two in critical condition after Johannesburg shooting incident SAPS hailed for swift action on two serious Cape Town crimes LOOK: Cocaine worth R720m seized on ship in Port Elizabeth docks Trevor Noah and Jordyn Taylor split Sign up to receive our weekly edition of Business Report in your inbox. OR subscribe to e-editions of our Newspaper titles. This information was first seen by us on January 08, 2019 10:56 PM. You may want to visit www.iol.co.za for additional posts.
Bitcoin crashes to lowest this year, losses top 25 percent in a week | Reuters
LONDON (Reuters) - Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in the world?s best-known digital coin to 25 percent within a week. Other smaller coins also skidded sharply as a broader cryptocurrency sell-off, said by traders and market makers to be rooted in heavy selling at leveraged Asian exchanges, gathered steam. The fall followed a sudden plunge last week that shook bitcoin out of a period of relative stability, where prices had hovered around the $6,500 mark for several months. Bitcoin sunk as far as $4,327, its lowest since October 2017. By mid-afternoon, it was trading around $4,750 on the Bitstamp exchange. This information was obtained by us on January 08, 2019 10:56 PM. See www.reuters.com for additional posts.
Bitcoin crashes through $US4000 | Business Insider Search Icon Globe Icon Search Icon Globe Icon
Bitcoin is getting beaten up again. The benchmark digital cryptocurrency has crashed through $US4000 in a sudden move on Sunday morning, dragging the market for digital coins with most seeing double-digit declines. The fall was as steep as 14% at one point, with prices reaching $US3700 on some exchanges. A short time ago, Bitcoin was trading at $US3,828, according to Markets Insider data. Bitcoin is now at its lowest point in over a year and down around 80% from its highs. It?s the second major fall in Bitcoin and other cryptocurrency prices this week. As is usually the case with moves in crytpocurrency markets, it is hard to pinpoint a catalyst for the move, although it does follow a ?fork? a week ago in Bitcoin Cash, an offshoot of the Bitcoin core currency. This share was found by us on January 08, 2019 10:56 PM. Visit www.businessinsider.com.au to find more similar content.
Bitcoin Price Watch: Currency Maintains Position, but Is Enthusiasm Lacking
At press time, the father of crypto is maintaining its present position and is staying above $4,000. First reaching this pinnacle a few days ago, bitcoin is keeping up its momentum following a nasty fall in late 2018 that took it down to $3,600 after an extended period of trading in the $6,000 range. One of the big problems still surrounding bitcoin and other cryptocurrencies is not volatility, but rather negative sentiment. Many financial leaders still see cryptocurrencies as fantasies ? things to dismiss that will ultimately have no bearing on the future of money. One such figure is ECB Ardo Hansson, who in a recent interview with Bloomberg, described digital currencies as ?complete nonsense.? He states: This information was first found by us on January 08, 2019 10:56 PM. Check out nulltx.com for additional posts.
Bitcoin's crash looks like a real currency crisis
Bitcoin is in crisis. You can never really declare it dead - the idea of an electronic currency that is theoretically borderless and lawless will always live on somewhere - but its price has slumped 80 per cent in less than a year, wiping about $US700 billion ($969 billion) off cryptocurrency markets. Cryptocurrencies have lost around 80 per cent of their value this year.Credit:Chris Ratcliffe Where does it go from here? True believers are betting on a simple repeat of past asset bubbles, like dot-com stocks or real estate: a system-wide cleansing of bad actors before the roller-coaster ride begins anew. On that argument, there's a price for everything, even niche assets with no intrinsic value. Maybe Bitcoin should be above $US3700. This data was discovered by us on January 08, 2019 10:56 PM. See www.smh.com.au for complete listings from this source.
Bitcoin crash testing the faith of key players - TechCentral
Bitcoin?s tumble worsened over the weekend, putting the 2018 crash within striking distance of the cryptocurrency?s worst-ever bear markets. The virtual currency, conceived just over a decade ago, fell as low as US$3 475 on Sunday, Bitstamp prices show. It was trading at $3 949 as of 11.23am in Hong Kong, according to Bloomberg composite pricing. That?s 7.3% below its level at 5pm New York time on Friday, and about 79% below its closing peak in December. The crash has now entered the same league as bitcoin?s 93% plunge in 2011 and its 84% rout from 2013 to 2015, during the collapse of Tokyo-based crypto exchange Mt Gox. In dollar terms, the damage this time around has been much bigger: Virtual currencies tracked by CoinMarketCap.com have lost more than $700-billion of value since the market peaked. This post was first found by us on January 08, 2019 10:56 PM. Browse techcentral.co.za for complete listings from this source.
Bitcoin crash now approaches its worst bear markets - Livemint
Hong Kong: Bitcoin extended its tumble on Monday after breaking below the $4,000 level over the weekend, putting the 2018 crash within striking distance of the cryptocurrency?s worst bear markets. The virtual currency, conceived just over a decade ago, slid 7.8% from Friday to $3,931, Bitstamp prices showed as of 6.51am in New York. All nine of its largest peers tracked in real time by Bloomberg fell, with drops ranging as high as 14% for Monero. The 2018 crash, which has ensnared rival coins like Ether and XRP, is entering the same league as Bitcoin?s 93% plunge in 2011 from its previous record high, and its 84% rout from 2013 to 2015, during the collapse of Tokyo-based crypto exchange Mt. Gox. In dollar terms, the damage has been even bigger this time around: Virtual currencies tracked by CoinMarketCap.com have lost more than $700 billion of value since the market peaked in January. This posting was discovered by us on January 08, 2019 10:56 PM. You may want to visit www.livemint.com for additional posts.
Bitcoin price: Why are cryptocurrencies crashing - Business Insider Menu Icon
Crypto markets had a meltdown overnight,as Bitcoin slumped more than 10% to fall below $5,000 for the first time since October 2017. As usual, when Bitcoin fell all the major alt-coins followed suit. And in the murky world of semi-regulated crypto markets, catalysts for the sharp price volatility can be hard to pinpoint. After all, the world's three largest exchanges by trading volume are all based in off-shore tax havens? not exactly a market backdrop which promotes transparency. We followed up with the operators of a number of Australian-based crypto exchanges, to try and get a gauge on what's caused the big drop in price. This item was first seen by us on January 08, 2019 10:56 PM. See www.businessinsider.com for more.
Bitcoin Crashes to Lowest Value in Over a Year - Daily Press
This post was discovered by us on January 08, 2019 10:55 PM. Visit www.dailypress.com for additional posts.
Bitcoin mining rigs on fire sale as cryptocurrencies crash - Asean Plus | The Star Online
by zheping huang and celia chen The continued meltdown in the global cryptocurrency market has forced bitcoin mining hardware suppliers to sell off their machines at fire-sale prices. Canaan Creative, the world?s second biggest maker of cryptocurrency mining rigs, has already put all its Avalon-brand equipment on sale at US$200 per unit, according to company representative Steven Mosher in an email on Friday. Tags / Keywords: SCMP , Tech , Start ups , Gear , Blockchain , Business , China Business Copyright © 1995- Star Media Group Berhad (ROC 10894D) Best viewed on Chrome browsers. This posting was first found by us on January 08, 2019 10:55 PM. Visit www.thestar.com.my to find more similar content.
Bitcoin: Dirty secret revealed in new cryptocurrency crash
It was looking pretty good for a while, an odd period of stability. And then Bitcoin crashed ? a crash that hides a much darker secret. Satoshi Nakamoto, the creator of Bitcoin, has been shrouded in mystery ever since he invented the cryptocurrency in 2009. We take a look at the people who have been suspected to be Nakamoto over the years. Is something manipulating Bitcoin?Source:istock Bitcoin?s latest huge crash contains a pattern that could reveal a horrible secret about manipulation of the cryptocurrency. In the last week Bitcoin has lost 30 per cent of its value, again. Bitcoin FOMO is over. The digital currency, which earlier this month notched up a year of underperformance, has entered an ugly new phase. This posting was first seen by us on January 08, 2019 10:55 PM. Browse www.news.com.au for more.
Bitcoin Price And Crypto Markets Crash Academy caret Investopedia Logo
Bitcoin price, which had moved sideways for the last couple of weeks, crashed to its lowest level this year. The cryptocurrency shed approximately 13% of its value in less than five hours, bottoming out at $5523 yesterday morning before recovering. Its overall valuation also fell below $100 billion for the first time since last November. Bitcoin?s fall had a domino effect on cryptocurrency markets. The five most valuable cryptocurrencies also slid by more than 10% and valuations for cryptocurrency markets fell below $200 billion. Bitcoin cash, which underwent a contentious fork yesterday, was the biggest loser, rapidly discarding as much as 15% of its value. This piece was discovered by us on January 08, 2019 10:55 PM. Have a look at www.investopedia.com for more similar content.
Japanese Regulator Exploring Crypto ETFs - Drops Plans for Futures
Japan?s financial watchdog may approve crypto exchange-traded funds (ETFs) while it has abandoned plans to allow crypto futures. The Financial Services Agency (FSA), Japan?s financial regulator, has dropped plans to permit listed derivatives based on cryptocurrencies. However, the FSA may give the go-ahead for exchange-traded funds (ETFs) that track digital assets. The development which is based on information available from a person familiar with the matter was reported earlier on Monday by Bloomberg. The decision by FSA to abandon derivative instruments like Bitcoin futures or Ethereum options comes as a setback for the cryptocurrency investors who have been praying for growth in demand from institutions and a price reversal. This information was discovered by us on January 08, 2019 10:55 PM. Visit bitcoinerx.com for more similar content.
Bitcoin has crashed but could still give you a huge inheritance tax bill Telegraph logo Feed of articles Saved articles Save
If you inherited a cryptocurrency such as Bitcoin, Cardano or Ethereum, would you have the faintest idea what to do with it? More and more people are owners of digital assets, but few have given thought to how they will be passed from one generation to the next. Digital currencies in particular can be a huge source of stress for bereaved families sorting out a relative?s affairs. Firstly, they can be incredibly volatile. In January 2017, the Bitcoin craze began as interest in cryptocurrencies soared. At that time one Bitcoin was worth about £740, before rocketing to almost £15,000 a year later. Its price has since plummeted to less than £3,000. This publication was found by us on January 08, 2019 10:54 PM. Visit www.telegraph.co.uk for more similar content.
Will Bitcoin Crash 30 Real Scenarios That May Cause Bitcoin Crash
Bitcoin is witnessing a kind of mini-crash; its value recently plunged from a high of $20,000 to about $5,000 before picking up again. Investors panicked wondering whether the bitcoin bubble is about to burst. The question we are trying to answer here is ?Could we witness a Bitcoin crash in 2018?? While all this may just be market speculation, insider trading and crypto exchange indicators mean we have to consider possibilities. In this article, we discuss some of the possible scenarios that could lead to bitcoin bubble crash. Though it is difficult to attack the Bitcoin blockchain code, there are possibilities. This information was obtained by us on January 08, 2019 10:54 PM. You may want to visit www.abitgreedy.com for more.
How Bitcoin s Crash Compares to History s Biggest Bubbles
(Bloomberg) -- Bitcoin?s latest plunge gives investors reason to weigh how it compares with some of history?s greatest asset bubbles. After an almost 60-fold increase in three years to nearly $20,000, the world?s biggest digital coin has now tumbled more than 75 percent from its peak, according to data compiled by Bloomberg. By comparison, the Nasdaq Composite Index posted a 78 percent peak-to-trough decline after the dot-com bubble burst in 2000. This publication was found by us on January 08, 2019 10:54 PM. Visit www.bloombergquint.com for additional posts.
Bitcoin Is Crashing -- What's Wrong With the Cryptocurrency Market -- The Motley Fool
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Cryptocurrency prices have been relatively calm for the past few months, but that all changed on Wednesday. Leading cryptocurrency bitcoin suddenly plunged below $6,000 to its lowest level of 2018, and most other digital assets followed suit. Here's why the volatility has suddenly returned to the cryptocurrency markets, where the largest cryptocurrencies stand, and whether the upward momentum that we saw in 2017 could return anytime soon. This share was discovered by us on January 08, 2019 10:54 PM. Browse www.fool.com for more from this source.
What Does the Bitcoin Crash Mean for Crypto Energy Use | Greentech Media
It?s better for the planet?temporarily. The cryptocurrency crash will slow the energy consumption of mining. Fears about the energy consumption of cryptocurrency mining have been temporarily quelled by a slide in the value of cryptocoins, including bitcoin itself. The world?s most popular cryptocurrency was trading at around $3,700 at the end of November, down almost 55 percent from its $8,200 value a year ago and more than 79 percent from its all-time high of $17,900 in December 2017. Bitcoin had been trading at a fairly stable rate of between $5,000 and $7,000 since June but began to slide mid-November onwards. It lost almost 41 percent in value between Nov. 13 and Nov. 26, sparking panic among crypto investors. This posting was found by us on January 08, 2019 10:54 PM. You may want to visit www.greentechmedia.com to find more similar content.
Ripple, Stellar Co-Founder: Bitcoin Crash Isn't A Bear Market, Crypto Still "Way Up" - Ethereum World News
Although you may not have heard of him, Jed McCaleb is a legend in the budding crypto industry. He forayed into cryptocurrencies when there was essentially only Bitcoin (BTC), launching the first iteration of Mt. Gox in 2007 (he converted into a BTC platform in late 2010). After leaving Mt. Gox, which collapsed just years later under the leadership of French national Mark Karpeles, Caleb began work on the Ripple protocol. The developer?s venture spawned XRP into existence, leading him to subsequently on-board David Scharwtz and Chris Larsen, who now act as prominent executives at the San Francisco-headquartered Ripple. This data was found by us on January 08, 2019 10:53 PM. Visit ethereumworldnews.com to find more similar content.
Bitcoin fell 37 percent in November, erasing $70 billion from industry
November will be a month to remember for bitcoin investors. The world's largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is now down more than 70 percent since the start of 2018 and 80 percent from its all-time high hit late last year. The market capitalization of all major cryptocurrencies took a $70 billion hit for the month, according to CoinMarketCap.com. XRP, the world's second largest cryptocurrency, dropped 18 percent in November while ether fell 43 percent in the same time period. This piece was first seen by us on January 08, 2019 10:53 PM. Browse www.cnbc.com for additional posts.
Why did Bitcoin crash - Quora
I am not an expert in bitcoin but I am deeply concerned about the relatively steep rise and fall in bitcoin?s prices. As part of my community services, I look after a lot of elderly persons. When many of them are queuing up in front of bitcoin machines to buy bitcoin without knowing what they are buying, I fear for them. It is also another sign that dark clouds are looming in the horizon. The following are my key concerns about bitcoin: 1. Is Bitcoin?s price a true reflection of its value and utility? Bitcoin?s price can fluctuate by 20-30 per cent in a single day. It is therefore hard to determine its value and use it as a storage of value. This item was retrieved by us on January 08, 2019 10:53 PM. See www.quora.com for additional posts.
Bitcoin crash: This man lost his savings when cryptocurrencies plunged
We're no longer maintaining this page. For the latest business news and markets data, please visit CNN Business Sean Russell's life savings were among them. Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017. He was stunned when that turned into $500,000 in just one month. "I think there was one morning where I woke up, where I made about £12,000 ($15,600) in one morning on my investment and it just kept going," said Russell. "I was thinking, wow, that's mortgages paid, that's holidays that I've always dreamed of." The dream didn't last for Russell, who works as a property developer in the United Kingdom, buying homes and fixing them up. The price of Bitcoin surpassed $20,000 in December before collapsing. It now trades at $6,300. This piece was discovered by us on January 08, 2019 10:53 PM. See money.cnn.com for more similar content.
Bitcoin price news: Crypto could PLUNGE to $1,500 - analyst's BOMBSHELL prediction | City & Business | Finance | Express.co.uk
But the digital asset could be due even more difficult times ahead, a Bloomberg analyst has predicted. Mike McGlone gave a gloomy forecast for BTC, suggesting its price could be heading towards $1,500 (£1,170). His comments come after the flagship currency's abysmal November, which was part of tough overall year for cryptocurrency markets. BTC had begun to find stability over the past few days - but the reduced volatility appeared to be short-lived when the leading crypto bottomed out at $3,310 (£2,600) at 1.28am on Friday. The sudden price plunge meant the asset had dropped to its lowest level - in terms of price - in all of 2018. This item was first seen by us on January 08, 2019 10:53 PM. Visit www.express.co.uk for more from this source.
Is Bitcoin Back Cryptocurrency Prices Up After Crash-Tastic 2 Weeks | Fortune Close
Bitcoin?s price is showing signs of recovery, following a dismal two weeks that wiped as much as 17% off the cryptocurrency?s value. On Wednesday morning, the value of one Bitcoin was up 9% over the preceding 24 hours, reaching a value of $4,050 at the time of writing. As usual, other cryptocurrencies roughly tracked the change, with XRP up 7,7%, Ether up 10.1% and Bitcoin Cash up 5.3%. That makes for Bitcoin?s biggest daily jump since July, but it?s worth noting that the cryptocurrency also popped following a weekend continuation of its slump that took it to a point that was 82% down from its high of almost $20,000 a year ago. This share was first found by us on January 08, 2019 10:53 PM. Have a look at fortune.com for additional posts.
Why (oh why) did Bitcoin crash just in time for Thanksgiving
It?s not hard to think there are lots of stony silences around dinner tables in the US this week. It?s Thanksgiving, when families come together to reflect on the year gone by. Last year, there were lots of excited articles about this new ?bitcoin? thing whose value ? measured in dollars, obviously ? was shooting up and was going to go to the moon. John McAfee said so and that guy sleeps with a gun! As you can see from the graph, the excited articles, and excited returning-home sons convincing their parents to put their 401ks into bitcoin, were right ? up to the point where they weren?t. Anyone who bought into the bitcoin excitement around Thanksgiving 2017 (a topic that must have made a pleasant break, while passing the cranberry sauce, from talking about the first year of a calamitous ?good people on both sides? president) would have done well. At first. This post was obtained by us on January 08, 2019 10:52 PM. Browse medium.com for more similar content.
Olaf Carlson-Wee Rode the Bitcoin Boom to Silicon Valley Riches. Can He Survive the Crash - WSJ
Stay informed with unrivaled insights and analysis from The Wall Street Journal. https://www.wsj.com/articles/olaf-carlson-wee-rode-the-bitcoin-boom-to-silicon-valley-riches-can-he-survive-the-crash-1536681364 SAN FRANCISCO?Olaf Carlson-Wee has crammed the highs and lows of a hedge-fund career into roughly one year?all before his 30th birthday. He turned $14,502 into a $150 million personal fortune by going all-in on cryptocurrencies right before bitcoin became a household name. His fund, Polychain Capital, earned investors including Silicon Valley heavyweight Andreessen Horowitz a staggering 2,303% last year, after fees?among the best showings for a billion-dollar investment firm in history?drawing comparisons to Wall Street traders... This publication was retrieved by us on January 08, 2019 10:52 PM. Visit www.wsj.com to find more similar content.
South Korean millennials are reeling from the Bitcoin bust - The Verge clock menu more-arrow no yes
For months, Seoul resident Ye-won Oh monitored cryptocurrency markets voraciously, refreshing her phone practically every minute of every day. In early 2017, she invested $40,000 in Ethereum, which has become wildly popular in South Korea. Like many young Koreans living through Korea?s difficult economy, she came to see her investment as ?the only way out.? The 20-something has an impressive resume: a senior role at a flourishing startup, a college degree from overseas, and work experience at some of Korea?s most enviable firms. But she and her husband can?t afford housing in a city where the average deposit for an apartment rental is more than $400,000. ?People like us, people just starting our careers and college students, it?s really hard for us because there?s no way to build up a stable life,? Oh says. This piece was discovered by us on January 08, 2019 10:52 PM. Visit www.theverge.com for more similar content.
The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster | WIRED
From a distance, the world's largest bitcoin exchange looked like a towering example of renegade entrepreneurism. But on the inside, according to some who were there, Mt. Gox was a messy combination of poor management, neglect, and raw inexperience. Its collapse into bankruptcy last week ? and the disappearance of $460 million, apparently stolen by hackers, and another $27.4 million missing from its bank accounts ? came as little surprise to people who had knowledge of the Tokyo-based company's inner workings. The company, these insiders say, was largely a reflection of its CEO and majority stake holder, Mark Karpeles, a man who was more of a computer coder than a chief executive and yet was sometimes distracted even from his technical duties when they were most needed. "Mark liked the idea of being CEO, but the day-to-day reality bored him," says one Mt. Gox insider, who spoke on condition of anonymity. This information was found by us on January 08, 2019 10:52 PM. Visit www.wired.com for more from this source.
The Next Leg Of The Bitcoin Crash Is Here
If it?s not the stock market crashing, it?s bitcoin. When asset instruments crash, they go down in stages. Stages are price ranges when the asset stops and maintains a level of stability before they reprice again to another level. Many markets do this on the way up as well as down. Once a market has stabilized, the next break away from that range is highly likely to produce a sizeable move. For a trader this offers a market neutral signal that can be jumped on, long or short. It is not a new phenomena or rocket science. Markets are consensus-seeking devices in the short term and that consensus is revealed in charts and gives a clear view of the past. The less efficient and perfect a market is, the more charts give a hint of the future and in my mind crypto is a very immature market filled with inefficiencies and imperfections. As such, charts of price action in bitcoin and other coins and tokens are a good tool in the alchemy of guessing what is going to unfold in this exciting and dangerous market. This posting was retrieved by us on January 08, 2019 10:52 PM. You may want to visit www.forbes.com to find more similar content.
Ledger Cast Crypto, Bitcoin, Trading, and the Blockchain Ecosystem by Brian Krogsgard, Josh Olszewicz, Derek Waltchack on Apple Podcasts
We are unable to find iTunes on your computer. To download and subscribe to Ledger Cast ? Crypto, Bitcoin, Trading, and the Blockchain Ecosystem by Brian Krogsgard, Josh Olszewicz, Derek Waltchack, get iTunes now. Already have iTunes? Click I Have iTunes to open it now. To listen to an audio podcast, mouse over the title and click Play. Open iTunes to download and subscribe to podcasts. Ledger Cast covers the cryptocurrency industry (Bitcoin, Ethereum, and alt coins), including technical and trading analysis, fundamentals, and anything else crypto and blockchain related. Made by Ledger Status and friends. This entry was retrieved by us on January 08, 2019 10:49 PM. Have a look at itunes.apple.com for additional posts.
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