Price Analysis, August 7: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic

Price Analysis, August 7: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic

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USDT\BTC Bitcoin price is forming the third wave of $1,838 mid-term uptrend. Currently, it is being decided whether we’ll see a big price hike or downwards correction to $2,800 The third wave can become the turning point. If there are new capital flows, BTC will move up. The key level responsible for the whole future of the uptrend is at $3,150. Providing no reversal down takes place during the pullback to the level, high chances the rise will remain. Otherwise, the price will have a reversal to the correction. USDT\ETH Ethereum price has similar structure forming. The demand levels show significantly lower numbers, compared to the first wave. This may trigger a pullback. The $246 point is breaking for the whole trend. If the price corrects to this channel without a reversal downwards, it will mean, there are still big purchases in place. In this case, ETH will go up. A reversal down at the $246 point will indicate major buyer closing positions. That way the price might have a pullback. USDT\XRP Ripple is in the midst of its $0.1542 uptrend correction. It is being traded at the most likely pullback bottom. Correction zone to the $0.1542 upward trend will …

Bitcoin’s Price Surge is Making Hobby Mining Profitable Again

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Roque Solis never imagined the bitcoin mining equipment he bought in February would have already paid for itself. And on top of that, made him money. Solis is the president of SoliSYSTEMS Corp, a company that developed an EMV smart card for electronic benefit transfer for the federal assistance program, Women, Infants, and Children (WIC). While attending several conferences last year, Solis was unable to ignore bitcoin. So, he decided to experiment with the technology via mining to get a better handle on whether the technology could be used within his company. Solis bought a Bitmain Antminer S9 on eBay for $2,400. As of this weekend, Solis has mined 1.01 BTC, worth a little more than $2,584 in his bitcoin wallet. Solis said: “When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually it’s been about five months.” These gains, though, are particularly interesting in that, even last year, individual hobby mining wasn’t profitable anymore. Individuals with just one or two miners couldn’t compete with the companies mining bitcoin using large warehouses full of servers dedicated to the task (and seeing lucrative returns as the price rose). But …

Five Reasons Why Bitcoin-is Here-to Stay

Five Reasons Why Bitcoin-is Here-to Stay

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A major issue hindering Bitcoin is uncertainty about its future. The debate is over whether Bitcoin will be a successful long run innovation or fizzle out like so many prior innovations. It is possible to make a relatively accurate prediction about the future of Bitcoin by analyzing five factors successfully used by technology adoption experts for decades: relative advantage, compatibility with other innovations, experience through trialability, complexity and observability. These factors, derived from the classic work of innovation diffusion theorist Everett Rogers, when combined with features unique to Bitcoin, suggest that Bitcoin is here to stay.. Relative advantage Relative advantage in the field of innovation is defined as the improvements of a product as compared to its predecessors. Improvements include, but are not limited to, economic or social advantages measured in time, convenience, satisfaction or monetary benefits. Specific examples could be better service, consolidation of multiple functions into one tool, empowerment of users, improved interface, increased productivity, reduced user effort, saving money, saving space or storage and saving time. A major advantage Bitcoin has over other payment systems is that Bitcoin has a decentralized ledger. A decentralized ledger means that a single party is no longer in control of the records of previous transactions. …

Why Ethereum May Grow Higher in Value Than Bitcoin

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In May 2017, investors and spectators alike saw Bitcoin price pass the value of $2,300. This figure marks the highest peak of Bitcoin’s value in its entire lifetime. Due to the success of Bitcoin over the years, many investors have been attracted to it and other cryptocurrencies as well. However, Bitcoin is not the only cryptocurrency that has risen in value. Another leading cryptocurrency known as Ethereum has also ascended in value since January 2017. From its original value of $8.24, it has recently gone on to attain a figure of $203, which represents a rise of 2,367 percent. Investors worried It has been within the last few years that cryptocurrencies have gained much favor among investors who are looking for alternative means of investing other than the traditional investment mediums. While most investors still have their money invested in traditional financial markets, such as the stock market and the forex market, a lot of these investors have become worried about the economic climate of the world economy. With recent events pointing to its inherent instability, many investors have been looking to other means of investment where they can put their money. With the creation and popularization of cryptocurrency, as well as its sharp rise in value, many …

The Dark Web is More Like a Set of Dark Silos

The Dark Web is More Like a Set of Dark Silos

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  The dark web is not nearly as social a place as the world wide web, researchers find. Researchers recently conducted a comprehensive charting of the dark web, starting with the central hubs of “.Onion” domains, and created an algorithm to scan links from each site. They found 7,178 sites. 25,104 links connected all of these sites together. Those sites which did not have links incoming could not be found. The researchers – Virgil Griffith, Yang Xu, Carlo Ratti – discovered that 87% of dark web sites do not link to other sites. To account for websites regularly appearing and disappearing, the authors only included sites that responded to their crawlers. “In our analysis, before pruning nonresponding domains, we found a graph of 13,117 nodes and 39,283 edges. After pruning, we have a graph of 7,178 nodes and 25,104 edges (55% and 64% respectively). In all results, we refer to this graph pruned of nonresponding domains as simply ‘the darkweb graph’”. The researchers, through their research, determined the dark web is no web. But, rather, a set of  “dark silos,” according to the preliminary paper posted on ArXiv this week. The researchers performed a second crawl to collect instances of …

BTCC CEO Lee Pegs Bitcoin Price Between $5,000 and $11,000 by 2020

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Bobby Lee, BTCC’s co-founder and CEO recently tweeted a bitcoin price prediction, which is between $5,000 and $11,000 by 2020, after the block reward halving. The entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day. #Bitcoin price target in 2020; after block halving: USD $5k-$11k Assuming $5-$10 million daily flow into #BTC by then. (Today: $2m daily in) — Bobby Lee (@bobbyclee) February 26, 2017 // Get exclusive analysis of bitcoin and learn from our tutorials. Join Hacked.com for just $39 now. // Bobby Lee also reminded his 5,600 Twitter followers his “medium-term” price target for bitcoin is of, well, $5,600. There was, however, no mention of how long it will take bitcoin to reach that value. Later on, Lee also said that a $5-$10 million daily inflow isn’t a lot. He compared it to gold’s inflow of $340 million a day. The CEO’s enthusiastic bitcoin price prediction comes after BTCC, one of China’s biggest bitcoin exchanges,suspended bitcoin and litecoin withdrawals until March 15, in order to introduce new security requirements and comply with requests from the People’s Bank of China …