The rise of the digital currency

Only a few months back, the market capitalization of the whole cryptocurrency universe crossed the $100 bln mark. Now Bitcoin alone has  crossed  the $100 bln mark. In doing so, it has increased its dominance to  58.5  percent, a level last seen in May this year. This shows that money is pouring into Bitcoin, whereas altcoins are getting hammered. At some point in the near future, once the leader tires out, other popular coins are likely to offer an excellent buying opportunity. Is Bitcoin nearing a top? Are altcoins ready to follow the leader? Let’s find out. BTC/USD Bitcoin  is on fire. It has been consistently rising for the past two days. Can this rally continue? We don’t have any existing positions in Bitcoin, should we establish one at the current levels? Bitcoin has reached a critical resistance level from the channel line. It has not been able to breakout of this channel since June of this year. A breakout of the ascending channel gives it...

What a difference just a few months make. Once viewed as a plaything for cryptoanarchists and cypherpunks now has become the talk of professional investment communities and media. As of this writing, bitcoin (BTC) has touched 6,000 USD in price. A recent survey suggests $10,000 per BTC is not out of the question.  $10,000 Not as Crazy as Once Thought Consumer News and Business Channel (CNBC) ran an unscientific survey, polling its online readers with the question, “Where does bitcoin go from here?” CNBC is owned by Comcast Corporation (Comcast), the US-based worldwide telecommunications conglomerate. By revenue, it is the largest of its kind on the globe, according to the mostly-German-based  Institute of Media and Communications Policy . Comcast’s reach is vast, wide. Forbes  contributor Ilana Greene  profiled  CNBC, and addressed its audience demographic. Whether a “day or institutional trader, however, relies heavily upon and trusts CNBC to deliv...

Richard Turnhill, the strategist for  BlackRock  Financial and therefore the largest money manager in the world, owns no  Bitcoin , and doesn’t know what a fair price would be. According to a recent interview, the analyst was quick to point out that commodities prices are based on inherent value, and he sees none in cryptocurrencies. The interview includes bullish predictions on effectively everything, from equities to stocks, with the final statement about Bitcoin being the only relatively negative comment. Turnhill made is clear that his position is one based on research. Per the interview: “I would say that cryptocurrencies show many characteristics of a bubble right now, which is [to say] you've seen spectacular price increases. The main argument for buying them is that prices have risen, and are therefore going to continue to rise over time. But there's no inherent right or wrong price for bitcoin. You could say 'what's the fair value?' you know, I'm a...

An increasing Bitcoin price is often bad news for altcoins. Even the top alternative currencies are struggling right now, whereas Bitcoin keeps marching on. The Ethereum price, which was above US$300 not long ago, is now starting to slip pretty badly. With losses against both USD and BTC, things aren’t looking all that great for ETH. Regaining the US$300 support will be incredibly challenging. ETHEREUM PRICE IS SLIPPING QUICKLY No one is surprised to see most alternative cryptocurrencies losing value against Bitcoin right now. After all, that is the normal outcome whenever the  Bitcoin price  is surging. Especially with Bitcoin’s new all-time high in place as we speak, the Ethereum price is taking a bit of a beating. Although its value is still hovering near US$296 for the time being, it remains to be seen if this price point can be maintained for much longer. Altcoins are bleeding value left, right, and center right now. This also means the Ethereum price is ...

Dear TBC Member, Admin rarely sends out an email to all of the Members within the TBC community, but this is an urgent message to bring the whole TBC community together as one force of great abundance.  If you do not wish for Admin to notify you ever again by email, just click the unsubscribe link at the bottom of this email and we will honor your wish and never contact you again by email. Within a few days of writing this email the number of Verified Members will grow to over 2 million members, and we are currently growing by 25,000 to 50,000 new members a day now.  Less than a month ago we celebrated hitting the milestone of 1 million members:  http://blog.thebillioncoin.info/2017/09/27/1-million-member-celebration-postervideosarticle/ The reason why this email is so urgent is because we need to migrate the entire TBC community over to a brand new blockchain and your participation is required to move your TBC coins into it.  For the last few months we ...

Born August 1, 2017, Bitcoin Cash is to its proponents what Bitcoin ought to be. As of now, it features 8MB blocks as opposed to one or two. Its transaction time is just under a minute and a half per block, and its fees are low, about seven cents per transaction. However, Bitcoin Cash did not take over Bitcoin after the fork. Let’s look at a few reasons why. 1. SEGWIT WORKED Litecoin’s  SegWit  activation led to adoption and drove prices higher. Perhaps some traders took wind of this and held Bitcoin despite some negative sentiment. 2. ACCESS AND ADOPTION WASN’T WIDE Not everyone who knew about the fork took advantage of it. Some kept their coins on Coinbase or other online wallets or exchanges that did not immediately divvy up a fork dividend. 3. RETAILERS WEREN’T READY The old credo, “Build it and they will come” did not apply in this case. Retailers and restaurants that accepted Bitcoin just weren’t there, leaving Bitcoin Cash without the ki...

Now that this week’s Bitcoin craze has finally calmed down a bit, most altcoins are mounting a strong comeback. The Ethereum price has certainly been moving up nicely over these past 24 hours, thanks to a 6.49% gain in USD value. With the Ethereum price pushing back toward the US$350 mark, the world’s biggest altcoin is slowly recouping some of the losses sustained earlier this week. ETHEREUM PRICE HEADS BACK TOWARD $350 No one can deny the past month has been pretty interesting for Ethereum holders. There have been some good moments and a significant dip as well. More specifically, the  Ethereum price dipped to just below US$200 less than a month ago. For a lot of people, this was a clear indication to stock up on some Ether as a way to make profits later on. The people who pursued this option will be quite pleased with how things have been going recently. Ever since that big dip, the overall trend for Ethereum has been bullish. More specifically, the dip was foll...

JPMorgan CEO, Jamie Dimon, can't get over Bitcoin, and has now stated that stupid Bitcoin buyers will pay the price one day. It seems like JPMorgan CEO Jamie Dimon just can’t stop talking about Bitcoin. After stating on Thursday that he  won’t talk about Bitcoin  anymore, he  came back  the very next day, rather aggressively, saying,  "If you're stupid enough to buy it, you'll pay the price for it one day." Jamie Dimon has been making headlines all over with his anti-Bitcoin comments, starting back in September, when he  called Bitcoin “a fraud”  – after which the leading cryptocurrency plummeted majorly from just under $5,000 to under $3,000. Since then he has made various claims, calling Bitcoin a bubble,  “worth nothing” , and several notable figures also ended up commenting on the drama. Whether it’s John McAfee,  questioning  Dimon’s claims or calling him  “a mad man” , Brock Pierce, saying  Jamie is doing a good ...