Have you ever wanted to know what is blockchain technology, what is crypto mining, what is crypto wallet, how different bitcoin is from other crypto currencies. More importantly, how to profit from trading in investing in cryptos. You find the answers to these and other hot crypto topics here.
Last time, we touched on the strengths and weaknesses of blockchain technology and showed that it’s not as inflexible as many people think. In the last few years, inspired by Bitcoin’s popularity, developers have not only been improving the existing algorithm but also inventing alternatives. As a result, many new cryptocurrencies have been created although Bitcoin remains #1 by far and Ethereum steadily holds second place.
Recent polls by CNN indicate a shift in the global attitudes toward cryptocurrencies. They show that, at present, more than half the people in the world know what cryptocurrencies are and that more than 30% of millennials will buy cryptocurrency in 2018.
For those who don’t know, mining is the process of using your computing power to support the network of a cryptocurrency and verify transactions. For cryptocurrencies which use proof of work – the miners’ computers perform mathematical computations which are very difficult to perform but easy to validate, and this is the system by which new transactions are validated and added to the blockchain.
While seemingly everyone knows a lot about Bitcoin, taking the next step and actually investing in it is a whole other ballgame. You want to find an exchange that sells Bitcoin with acceptable fees as well as one that is secure. Safety of your funds is incredibly important, and you need to make sure that your exchange meets that requirement. In an effort to help you out, this article will look at some of the safest places to buy Bitcoin.
2014 saw the first big crash in the blockchain and Bitcoin space, drawing the attention even of people who didn’t own Bitcoin and had no interest in it. Mt. Gox, the largest Bitcoin exchange closed without being able to refund their clients’ deposits.
So for those of you who have been following the trend of Bitcoin for a while now, btc levels have been in a downward trend since the start of 2018. However recently it looks as though that trend has started to reverse in 2019, after a year of slow and painful decline in 2018. In this BTC analysis article, I will be conducting a brief Bitcoin price analysis for you. I will look at the 200 day moving average Bitcoin, Bitcoin chart analysis including the support and resistance zones Bitcoin, and Bitcoin market analysis.
In the last few weeks, Bitcoin price has been fluctuating between $6,250 and $8,250, after gaining massively from its December low of $3242. At the time of writing, the crypto giant is trading at $7,916 with a 24-hour volume of $24 billion. Meanwhile, BTC continues to dominate the cryptocurrency market, having reached its highest total market percentage since December 2017 when it went over 60%. Currently, its dominance stands at 56.3% with a market cap of $140.7 billion.
Since 2009, and especially in the last two years, we have been hearing curious words such as “cryptocurrency,” “bitcoin,” and “blockchain” thrown about… These evoke a feeling of mystery in most people, as if they were spells or magical incantations for those who are in the “circle of trust.”