the power seems to have centralized to the miners over time - which doesn't give the average potential investor a lot of confidence. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside, which means that the rally is more likely to resume than to reverse. The trading volume has decreased significantly, typically to weekends and in anticipation for the next big move. If Bitcoin itself (or any or all of the cryptocurrencies) can start trading higher and regain a lot of the lost momentum, then people would care again. . That problem is 'decentralization'. .
Bitcoin - Stick A Fork In It - It s Done
Why does a certain large holder want to go down a certain path? . BitFinex open short positions are.4K, another decline from yesterday. I think Bitcoin and cryptocurrencies in general have lost their luster, in part because they seem to be offering increasingly confusing choices, rather than harnessing investor demand and understanding. If we get a crypto ETF in the.S., it is likely to reference a basket of cryptocurrenices - which I think makes it less attractive rather than more attractive than a Bitcoin only ETF as it seems to imply that even the crypto aficionados. I think Bitcoin will break 2,000 before it hits 6,000. In that case, another test of the highs near 8400 could take place. There are significant differences between the two versions, though, so it could take beyond the end of the year to complete and implement. The reality though is someone needs to get cryptocurrencies back on track. . There are widely published reports that the largest crypto mining enterprises are based in countries or regions of the world not known for pristine business practices (to say the least). .
Bitcoin - Stick A Fork In It - It s Done. Bitcoin, cash has dropped from 511. 13 to 212 on, nov. 23 (according to Bloomberg). 24 : Waiting for the next big move.