Friday, 23 June 2017

Bitcoin to Make more Millionaires Before “the Next Crash”: Economics Professor

Despite its price volatility, Bitcoin probably will make more millionaires. Panos Mourdoukoutas, chair of the department of economics at LIU Post in New York City, whose works are published by Forbes and The New York Times, thinks Bitcoin probably will turn more individuals into millionaires before its price dives again.

Monday, 19 June 2017

Chance of ₦364 MLn ($1Mln) Bitcoin is very low, 0.25% - Vinny Lingham


Vinny Lingham has delivered an amount of reason to Bitcoin's price moon gazers, noting the odds of a ₦364 Mln  ($1 Mln) valuation are only 0.25%.

In a tweet Sunday, Lingham, who's noted for his level-headed appraisals of Bitcoin's price performance, agreed with comments from Present CEO Naval Ravikant that “fundamental analysis is impossible” for the virtual currency today.

Friday, 16 June 2017

This is Why the Value of Bitcoin, Ethereum, Ripple, NEM & Others Sharply Fell


On June 15, the cryptocurrency market experienced an important market correction as the worthiness of leading cryptocurrencies including Bitcoin, Ethereum, Ripple, Ethereum Classic and NEM sharply fell.In total, the cryptocurrency market lost around ₦5.8 Trn ($16 bln) in market cap, moving back off to ₦34.5 Trn ($95 bln) after achieving a historic milestone earlier this week by surpassing the ₦364 Trn ($100 bln) mark.

Tuesday, 13 June 2017

Cryptocurrency exchanges shut down over heavy traffic, rollercoaster Bitcoin

The Bitcoin market hit record highs over the weekend before dropping further than it has in years. Several exchanges for the cryptocurrency suffered outages during the fluctuation, leaving customers unable to buy or sell for hours.

Coinbase, one of the most popular ways to buy and sell popular cryptocurrencies such as Bitcoin, ethereum and litecoin experienced an outage Monday. For several hours, buyers and sellers were met with a screen that read, “service unavailable.”

Sunday, 11 June 2017

Bitcoin Price Set to Hit ₦90.5 Mln ($250K) by 2020 If 7-Year Trend Continues


BitGo Software Engineer Jameson Lopp revealed that when the seven-year trend of Bitcoin price continues, Bitcoin will soon be valued at around ₦90.5 Mln ($250K)  by 2020. Lopp calculated the seven-year trend of Bitcoin price centered on daily value change. With the exception of 2014, that has been suffering from the downfall of now-defunct Mt. Gox, Bitcoin has continuously recorded positive daily value change since 2010.

Friday, 9 June 2017

Bitcoin, Ethereum Price Fall, Good thing fo Investors

Coinbase Users
Following a crash of well-known cryptocurrency exchange company Coinbase, other cryptocurrencies such as for example Ethereum and Bitcoin have reacted to the events accordingly.
With the technical problems that Coinbase have now been encountering using their system, existing users have now been panic selling to be able to escape the maximum amount of money while they can. This, consequently, has additionally affected other cryptocurrencies and pushed them to reduction in value as folks are massively selling as a result.

Tuesday, 6 June 2017

Should you still invest in Bitcoin or too late?

Josh Althauser is a tech entrepreneur and open source advocate focusing on providing mentorship for startups due to their marketing technology. You could interact with him on Twitter.

Bitcoin's value is soaring. Over recent months, the cryptocurrency has hit record highs. In early May, the open-source digital currency ballooned to almost 1.14 Mln ()$3,000 a coin. Last May, one coin fetched only ₦171K ($450). Certainly not this growth an immediate trend. Bitcoin's value has been steadily increasing since its inception in 2008, nearly ten years ago. Still, many remain hesitant to invest.

ST