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Bitcoin inventor Satoshi Nakamoto nominated for Nobel Prize in Economics

Nobel Prizes are given for making important — preferably fundamental — breakthroughs in the realm of ideas. Considering the establishment's hatred of Bitcoin, it is quite remarkable that the inventor of bitcoin has been nominated for the 2016 Nobel Prize in Economics. It is especially remarkable considering that no one knows who the person actually is. [...]

By |November 10th, 2015|Bitcoin, Technology News|

The Bitcoin Price Doubled to $475 in the Past 30 Days

The Bitcoin price has more than doubled since the start of October, up from $236 to $475 as I write this article. Showing increased volatility, the price briefly climbed above the $500, before correcting back towards $450 and bouncing again to $475 today. The rally is being driven by Chinese buyers seeking to protect their wealth [...]

By |November 4th, 2015|Bitcoin, Technology News|

Bitcoin Climbs 30% in Past Two Months!

It has been a while since we have written an article about Bitcoin. The digital currency made a huge move from early June to early July, climbing from $225 to $310 for a 38% gain in just over a month. However, this gain was followed by a steep plunge back to just $210 in late [...]

By |October 22nd, 2015|Bitcoin|

Ebay CEO Owns Bitcoin and Plans to Start Integrating it with Paypal

I have remained bullish on Bitcoin during the correction and encouraged people to buy the dip. Most recently, I explained why it made sense to buy on any breakout above $520 and the digital currency has continued towards $700 today.  I predict it will end the year well above $1,000 and possibly above $2,000.  How [...]

By |June 6th, 2014|Bitcoin|

Bitcoin Price Breaking Out to Key Reistance

The Bitcoin price has broken out over the past 48 hours, climbing roughly $100 or 23% to $530! This level around $520 to $530 represents key resistance as it was support twice over the past six months and was resistance during the last breakout attempt in April. This sharp move came as the two opposing trend lines [...]

By |May 23rd, 2014|Bitcoin|

Bitcoin Breakout Alert: All Eyes on $520 Technical Resistance

Bitcoin is back above $500 for the first time this month, after dropping towards $350 briefly. If you have been waiting to buy, keep a close eye on the $520 level. This is an important price on the technical chart, as it was support during the last two major crashes in December and February. It [...]

By |April 16th, 2014|Bitcoin|

Bitcoin Falls to Support at $550 on Technical Chart

The price of Bitcoin fell through $600 over the weekend and has continued lower to support around $550. The chart shows a descending triangle pattern, which is usually bearish and suggests a continuation of the prevailing trend direction. The pattern suggests that if support at $550 fails, a much deeper dive below $500 can be [...]

By |March 24th, 2014|Bitcoin|

Time to Exit Litecoin?

Litecoin was fascinating when it first came out. It was like silver to Bitcoin as gold, with logo colors to match. Some tout the benefit of faster transactions, but Bitcoin usually gives instantaneous confirmations when making purchases or transfers. Litecoin was once much more efficient to mine, but that advantage has mostly passed. It my [...]

By |March 4th, 2014|Bitcoin|

Is Bitcoin Dead after Mt Gox Bankruptcy?

The mainstream media hates Bitcoin and must have marching orders to bash the crypto-currency however possible. They call it a Ponzi scheme, which by definition it is not. By definition, a Ponzi scheme must eventually fail since “the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses” (Wikipedia). Bitcoin is [...]

By |March 1st, 2014|Bitcoin, Technology News|

Bill to Make Bitcoin Legal Advances in California

A bill unanimously passed by the California State Assembly last week moves to end legal confusion and make Bitcoin “lawful money.” AB 129’s fate now rests with the State Senate. Once passed through the Senate Policy Committee and the Senate Fiscal Committee it will reach the Senate Floor. If the bill passes the Senate, the final decision rests with [...]

By |February 23rd, 2014|Bitcoin|