Tag Archives for " Burst "

Should Paraguay invest its energy wealth in bitcoin ‘mining’ or fighting poverty? | Global development

Shotgun-toting guards patrol an anonymous warehouse on the outskirts of Ciudad del Este. Perched on the triple border where Paraguay meets Brazil and Argentina, the melting-pot city is often associated with smuggling, cartels and drugs. But inside, a new hot commodity is piling up by the second. Dozens of dismantled CPUs and internet-connected circuits whirr […]

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Experts: Cryptocurrency is ‘A Multi-Decade Trend’ and ‘Proxy for True Freedom’

Adam James · April 5, 2018 · 3:00 pm 2018’s cryptocurrency charts have you feeling blue? Don’t worry. According to some experts, there are still plenty of riches to be made by investing in market leaders. ‘Still way too early’ In 2017, plenty of individuals joined the new crypto-rich crew. However, many also became crypto-poor […]

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Here’s proof that this bitcoin crash is far from the worst the cryptocurrency has seen

Panicking that the bitcoin bubble has finally burst? The popular cryptocurrency actually has a history of surviving crashes, and in its short life has already been through 13 major corrections or crashes. That’s according to an analysis by data visualization site HowMuch, which compiled all of bitcoin’s crashes, beginning in 2012, in one chart. Get […]

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‘Black Monday’ Shows Bitcoin Isn’t As ‘Dangerous’ As Regulators Claim

Finance Looking at mainstream media headlines over the past few weeks shows a lot of columnists and pundits have declared that ‘bitcoin’s bubble has burst.’ They always claim that it’s much safer to invest in traditional investments like equities or the stock market while at the same time highlighting cryptocurrency’s volatile price swings. However, on […]

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There could be a silver lining even if the bitcoin bubble does finally burst | John Naughton | Opinion

The widespread adoption of blockchain technology could be good news for the internet and its users What goes up: a man in a currency exchange in South Korea looks on as cryptocurrencies fall in value this month. Photograph: Ahn Young-joon/AP One would need to have the attention span of a newt to be surprised by […]

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The bitcoin bubble now dwarfs tulips and dot-com stocks, Goldman warns

The chorus of bitcoin bears is growing louder by the day. The latest to issue a stern warning against the world’s largest digital currency is Goldman Sachs’s investment management division, which wrote that there is “no doubt” that the cryptocurrency’s astronomical rise over the past year “has pushed it into bubble territory.” The firm added […]

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Bitcoin speculative bubble is bursting and has a long way to fall, economists warn | Technology

Despite losing 40% in a matter of weeks the cryptocurrency still has further to drop according to experts at Capital Economics A Bitcoin Change shop in the Israeli city of Tel Aviv. Photograph: Jack Guez/AFP/Getty ImagesBitcoin has all the hallmarks of a classic speculative bubble and even after almost halving in value in a matter […]

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How trading bitcoin could actually ruin your mental health

“Bitcoin lowkey made me depressed today,” a Twitter user said Wednesday. “At least when the Beanie Baby bubble burst there was a mountain of soft cuddly stuffed animals that could soak up all your tears and muffle the sounds of you weeping,” tweeted a comedy writer, Mishu Hilmy. Other cryptocurrency fans say they are holding […]

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