Bitcoin and Ethereum Price Forecast – Prices Continue to Crash

#bitcoin and #ethereum Price Forecast  Prices Continue to Crash

  • It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process.
  • Due to the specific nature of different … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue to Crash

    It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process.

  • We saw the bitcoin prices crash below $2000 and the ethereum prices crash below $140 over the weekend in a broad based correction.
  • Then there are the ICOs where various crypto based startups collect funds in ethereum and with several million collected by them over the last few weeks, they need to convert some part of them into USD and hence they are probably dumping them into the market.
  • We expect the $2000 round figure to play a similar role as far as bitcoin prices are concerned and retail traders would be advised to stay well away from these markets for now and wait for all the dust to settle down.

It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process. Every market goes through such a process for a variety of reasons and it is the same in this market as well. Due to the specific nature of different
Continue reading “Bitcoin and Ethereum Price Forecast – Prices Continue to Crash”

Cramer: Bitcoin-ethereum craze boosts Nvidia and AMD, but it shouldn’t

  • There are many reasons for investors to buy chipmakers Nvidia and Advanced Micro Devices, but the recent rush for an indirect way to play skyrocketing cryptocurrencies bitcoin and ethereum should not be one of them, CNBC’s Jim Cramer said Friday.
  • “One of the reasons why AMD and Nvidia have been going up is their chips are used for mining, for cryptocurrency mining,” Cramer told “Squawk on the Street.”
  • Bitcoin and ethereum miners use powerful graphics processing units — or the computer chips on graphics cards — to generate new cryptocurrency units, which can then be sold or held for future appreciation.
  • Cramer cited a recent note from RBC Capital Markets, which said the growing cryptocurrency mining market has contributed $100 million worth of GPU sales for Nvidia in the past 11 days alone.
  • In the past month, as the cryptocurrency surges have been more widely reported, AMD shares have soared 33 percent and Nvidia stock has gained about 15 percent.

There are many reasons to buy shares of those chipmakers, but a play on cryptocurrencies is not one of them, Jim Cramer says.
Continue reading “Cramer: Bitcoin-ethereum craze boosts Nvidia and AMD, but it shouldn’t”

Cramer: Bitcoin-ethereum craze boosts Nvidia and AMD, but it shouldn’t

Cramer: Bitcoin-ethereum craze boosts Nvidia and AMD, but it shouldn't

  • There are many reasons for investors to buy chipmakers Nvidia and Advanced Micro Devices, but the recent rush for an indirect way to play skyrocketing cryptocurrencies bitcoin and ethereum should not be one of them, CNBC’s Jim Cramer said Friday.
  • “One of the reasons why AMD and Nvidia have been going up is their chips are used for mining, for cryptocurrency mining,” Cramer told “Squawk on the Street.”
  • Bitcoin and ethereum miners use powerful graphics processing units — or the computer chips on graphics cards — to generate new cryptocurrency units, which can then be sold or held for future appreciation.
  • Cramer cited a recent note from RBC Capital Markets, which said the growing cryptocurrency mining market has contributed $100 million worth of GPU sales for Nvidia in the past 11 days alone.
  • In the past month, as the cryptocurrency surges have been more widely reported, AMD shares have soared 33 percent and Nvidia stock has gained about 15 percent.

There are many reasons to buy shares of those chipmakers, but a play on cryptocurrencies is not one of them, Jim Cramer says.
Continue reading “Cramer: Bitcoin-ethereum craze boosts Nvidia and AMD, but it shouldn’t”

Meet the Man Running the Only Bitcoin Node In West Africa

  • Running on a server in a data center in the Nigerian capital, it’s the only reachable bitcoin node of its type not just in the country, but in almost all of West and Central Africa, without a companion for thousands of miles in every direction.
  • The node in Lagos is owned and run by 35 year old software developer Tim Akinbo, who said that his interest in bitcoin stems from gaps in the African financial ecosystem.
  • Bitcoin nodes are fundamental to keeping the bitcoin network functioning: each of them is a physical or virtual machine (a self-contained computer operating system deployed alongside other programmes on a more powerful piece of hardware) running the bitcoin software in conjunction with a stored copy of the blockchain, constantly synced between them in order to maintain a decentralized database of transactions.
  • For reasons of price and practicality most Nigerians are unlikely to choose this option – Akinbo’s server costs are 10,000 Naira per month ($32) in a country where GDP per capita is only around $3000 – but nonetheless, it’s part of a growing interest in bitcoin in the country overall.
  • If, as in Venezuela, trends in the Nigerian economy continue to make bitcoin investments attractive, Tim Akinbo might not have the only node in West Africa for much longer.

A Nigerian developer wants to start building the bitcoin network in the region.
Continue reading “Meet the Man Running the Only Bitcoin Node In West Africa”

Meet the Man Running the Only Bitcoin Node In West Africa

  • Running on a server in a data center in the Nigerian capital, it’s the only reachable bitcoin node of its type not just in the country, but in almost all of West and Central Africa, without a companion for thousands of miles in every direction.
  • The node in Lagos is owned and run by 35 year old software developer Tim Akinbo, who said that his interest in bitcoin stems from gaps in the African financial ecosystem.
  • Bitcoin nodes are fundamental to keeping the bitcoin network functioning: each of them is a physical or virtual machine (a self-contained computer operating system deployed alongside other programmes on a more powerful piece of hardware) running the bitcoin software in conjunction with a stored copy of the blockchain, constantly synced between them in order to maintain a decentralized database of transactions.
  • For reasons of price and practicality most Nigerians are unlikely to choose this option – Akinbo’s server costs are 10,000 Naira per month ($32) in a country where GDP per capita is only around $3000 – but nonetheless, it’s part of a growing interest in bitcoin in the country overall.
  • If, as in Venezuela, trends in the Nigerian economy continue to make bitcoin investments attractive, Tim Akinbo might not have the only node in West Africa for much longer.

A Nigerian developer wants to start building the bitcoin network in the region.
Continue reading “Meet the Man Running the Only Bitcoin Node In West Africa”

btc.ee

  • I have moved my activities to a more welcoming jurisdiction, where my hobby trading resumed under a new name: CoinEra.eu .
  • Apparently the Estonian police can re-interpret the law, keep their interpretation secret, and apply it retroactively and arbitrarily.
  • Due to threats issued by the Estonian police, I have stopped trading Bitcoins in Estonia.
  • The site does not fall under the jurisdiction of any other country, including Estonia.
  • One of the reasons advanced by the Estonian police for targeting btc.ee is that the site had an Estonian version.


Due to threats issued by the Estonian police, I have stopped
trading Bitcoins in Estonia.
I am now engaged in a court battle against the Estonian police.

Continue reading “btc.ee”