Is Bitcoin Just the Manipulative Power of Social Media Over Crypto?

This week Reddit observes a slow decline in the rates and makes a wish for the Xmas. Which one? To the moon, of course

I suppose there are a couple ideas on what 'centralized' means. Typically in cryptos it's referring to the hash power or however consensus is achieved. Some cryptos (mostly the ones you can't mine with a GPU or asic) are relatively centralized since most people don't have an ability to contribute to the consensus and only centralized authorities do.

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HTC Launches Blockchain Phone With Full Bitcoin Node

The recognized electronic manufacturer HTC launched a new blockchain phone with Bitcoin (BTC) network support. The Exodus 1 will allow users to run a full Bitcoin node and […] The post HTC Launches Blockchain Phone With Full Bitcoin Node appeared first on UseTheBitcoin.
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Bitcoin Reclaims Support Level as Analysts Eye Further Gains

After struggling to break above $8,000 for the past several days, Bitcoin was once again able to find some support within the upper-$7,000 region that held strong and allowed BTC to move back up above $8,000. Analysts are now noting that the cryptocurrency may climb higher in the near-term but are also noting that a resistance level that is just a short way above BTC’s current price may halt this fleeting rally and send the crypto plunging back below $8,000. Bitcoin Climbs Above $8,000, But Bears May Soon Return  At the time of writing, Bitcoin is trading up roughly 1% at its current price of $8,030, which marks a slight climb from its daily lows of $7,900 that were set overnight just prior to its early-morning surge towards $8,100. This slight surge further confirms the long-established notion that the upper-$7,000 region is a strong region of support, as BTC as consistently found notable buying pressure in this region. It is important to note that the lack of follow through from buyers who have been holding the support level at $7,800 may point to an underlying weakness for the cryptocurrency. Big Chonis, a popular cryptocurrency analyst on Twitter, noted in a recent tweet that he believes Bitcoin will climb slightly further in the near term before it reaches a point of resistance that sends it reeling lower in the near-term. “$BTC – Happy Saturday… a little more up before a bit more down,” he explained while pointing to the below chart. $BTC – Happy Saturday… … a little more up before a bit more down… #bitcoin pic.twitter.com/JKe3VqfLjK — Big ChonisFlux Trading Group (@BigChonis) October 19, 2019 BTC May Be Caught in Possible Ascending Triangle The Cryptomist, another popular cryptocurrency analyst on Twitter, explained in a recent tweet that she believes Bitcoin could be caught in an ascending triangle on a higher time frame, which could prove to be a bullish sign for its mid-term price action. “$Btc 2hr time frame: Sym triangle on RSI – Present on multiple time frames. Possible ascending triangle on 2hr here. We could see a breakout within 9hrs towards 8.1k…the falling wedge resistance, where things could get even more interesting for bulls,” she explained. $Btc 2hr time frameSym triangle on RSI – Present on multiple time frames Possible ascending triangle on 2hr here We could see a breakout within 9hrs towards 8.1k ..the falling wedge resistance, where things could get even more interesting for bulls pic.twitter.com/TiftKDJMqb — The Cryptomist (@TheCryptomist) October 19, 2019 The coming few hours and days could further elucidate Bitcoin’s mid-term trend, as its long period of consolidation around $8,000 may soon come to an end. Featured image from Shutterstock. Bitcoin Reclaims Support Level as Analysts Eye Further Gains was last modified: October 19th, 2019 by Cole PetersenThe post Bitcoin Reclaims Support Level as Analysts Eye Further Gains appeared first on NewsBTC.
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$100K Bitcoin Price Valuation | Stock To Flow Model? Electroneum ETN | Tron TRX Poloniex

Less than 3 million $BTC left to be mined. Bitcoin halving in 208 days. https://twitter.com/Altcoinbuzzio/status/1185356950688550912 When can you expect a 100k BTC - Real Vision Interview with Plan₿ https://twitter.com/realvision/status/1185245355061010437 https://www.newsbtc.com/2019/07/14/refreshed-model-bitcoin-btc-to-see-100000-after-2020s-halving Response to Above Model https://twitter.com/Super_Crypto/status/1185335547805556741 Bitcoin Halving to Push Market Cap Into the Trillions? https://beincrypto.com/dramatic-bitcoin-halving-to-push-market-cap-into-the-trillions Bitcoin as a Savings Technology https://bitcoinmagazine.com/articles/bitcoin-as-a-savings-technology-are-interest-accounts-worth-the-trade-offs Poloniex finds new backing led by Tron’s Justin Sun https://eng.ambcrypto.com/poloniex-splits-from-circle-finds-new-backing-led-by-trons-justin Electroneum ETN is Testing BETA App for AnyTasks Platform https://www.altcoinbuzz.io/crypto-news/product-release/electroneum-is-testing-beta-app-for-anytasks-platform Sign up for Altcoin Buzz FREE Newsletter: http://eepurl.com/dnIEz1 CRYPTO.COM MCO $50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ -------------------------------------------------------------------------------- #bitcoin #cryptocurrency #altcoin #altcoins #crypto #BTC #ETH $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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