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Get started in cryptocurrency with this beginner’s directory

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Get started in cryptocurrency with this beginner’s directory The wonderful world of cryptocurrency has grown from a budding idea to a full-fledged market bonanza. Hopefully you’re savvy to the terminology and ready to start putting your money where your technology is. This directory should provide you with the basic starting points to begin building your fortune in digital money. (Don’t forget that cryptocurrency is an investment, and you shouldn’t trust your finances to an article you read on a news-source. We strongly advise contacting a financial adviser before risking your money.) Bitcoin was founded in 2009. It represented the first [...]

Bitcoin Price to Reach $6,000 in 2018, Predicts Wall Street Strategist

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Bitcoin Price to Reach $6,000 in 2018, Predicts Wall Street Strategist   The bitcoin price pulled back from its all-time high this weekend, weighed down by a bitcoin cash price surge and disagreements over the SegWit2x scaling proposal. However, Wall Street strategist Tom Lee believes that the long-term prospects of the bitcoin price remain quite promising. As CNBC reports, Lee–who co-founded Fundstrat Global Advisors and is bearish on the outlook for the stock market–wrote a note to clients establishing a mid-2018 bitcoin price target of $6,000. He also forecasts that it could rise as high as $25,000 by 2022.   [...]

Bitcoin Cryptocurrency Breaks New Record High

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Bitcoin Cryptocurrency Breaks New Record High FinancialBuzz.com News Commentary   NEW YORK, August 18, 2017 /PRNewswire/ --   Bitcoin hit a record high above $4,500 yesterday and now putting the market capitalization over $73 billion according to CoinDesk. William Mougayar, the Founder of Startup Management, explained to Fortune that increased interest from Korean and Japanese exchanges are increasing the value of the cryptocurrency. "Another part of it is driven by the psychology of markets, as $USD 5,000 seems to be within reach, now that the $4,000 level has been easily broken," Mougayar said. The capitalization of Bitcoin is currently higher [...]

Bitcoin Surging Demand Amidst Economic Uncertainty

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Bitcoin Surging Demand Amidst Economic Uncertainty After a strong week-long rally, bitcoin price has achieved yet another all-time high at $4,473, as demand from institutional investors and traders continue to rise amidst economic uncertainty and global markets instability. Some regions including China demonstrated a meteoric increase in demand towards bitcoin, with bitcoin price surpassing the 30,000 Chinese yuan for the first time in history, which is equivalent to $4,495.   In previous coverages, Cryptocoinsnews noted that many analysts from prominent financial institutions including Goldman Sachs and JPMorgan believe institutional and retail investors are shifting away from stocks and gold to [...]

China’s Cryptocurrency Mining: Capital, Costs, Earnings

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China’s Cryptocurrency Mining: Capital, Costs, Earnings Most Bitcoin mining operations are in China. As of July 2017, it is estimated that almost 70 percent of all Bitcoin mining is located in China. Cryptocurrency mining, like other forms of businesses, needs capital to start and runs at an operation cost. Briefly, the startup cost includes the building, facilities and mining equipment. On the other hand, the operation cost primarily includes electricity consumption, Internet bandwidth, manpower, equipment wear and tear and facilities maintenance. Cheap electricity and mining machines are the two most critical factors for why mining operations are now thriving in [...]

Forget oil, Russia goes crazy for cryptocurrency

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Forget oil, Russia goes crazy for cryptocurrency   MOSCOW (AFP) - Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money. "The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on internet matters. Marinichev is one of Russia's leading crypto-businessmen at the helm of operations in this facility larger than a football pitch located in a former Soviet-era car factory, which collects virtual money [...]

Bitcoin Price in Tulip Bubble, Claims BBC Tech Correspondent

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Bitcoin Price in Tulip Bubble, Claims BBC Tech Correspondent The bitcoin price has set numerous records in 2017, prompting a wave of critics to forecast that “The bubble will burst!”. On August 14, BBC technology correspondent Rory Cellan-Jones became the latest in a long line of mainstream financial analysts and reporters to compare the rise of bitcoin to 17th-century Dutch Tulipmania. As he stated on Twitter: “Yes, tulip bulbs are now selling for $4000 and we were told that was a bubble when they hit $100.. 10:07 AM - Aug 14, 2017”   The Tulip Bubble The tulip bubble, which [...]

Understanding Cryptocurrency – How It Works, What Drives It, Should You Buy It

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Understanding Cryptocurrency - How It Works, What Drives It, Should You Buy It   Cryptocurrencies have caught on in the mainstream and have made thousands of people millions of dollars. The most recent boom of Bitcoin now means that if you had invested just $500 8 years ago, you would now be a multi-millionaire. This meteoric rise in the biggest cryptocurrency by market cap has drawn a lot of attention. However, to the everyday man who is used to dealing with hard cash and actual value, cryptocurrencies can seem like an unknown and often unintelligible world. With terms like hash [...]

What Would Happen if Cryptocurrency Became More Popular Than Cash

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What Would Happen if Cryptocurrency Became More Popular Than Cash? t's not outlandish to think that our current financial system will soon be replaced by cryptocurrency, and the shift will bring about some big changes to the global economy. THE FLIPPENING For a time, Bitcoin seemed unassailable in its dominance of the cryptocurrency market, being the first digital currency to really take root and establish itself in the mainstream. Since then, a host of worthy competitors have emerged, and there’s a real possibility that the balance of power could flip. Many who have been regularly following developments in the cryptocurrency [...]