Category: Speculation

When will bitcoin’s downtrend stop?

Why is bitcoin going down There are many speculators out there each coming out with their own theory as to why bitcoin is going down, and I am one of them. Some believe that bitcoin’s downtrend is due to: Dell is selling their first bitcoins. The whales (big Bitcoin holders) are selling. Investors think Bitcoin is still in Bubble territory. There is no real reason to go up, and crypto in general …
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Litecoin is pumping

The current litecoin pump is happening on OKcoin. It started on July 5th as you can see from the chart below taken from bitcoinwisdom   As we can see there is a pattern with the buy volume for OKCoin. It looks like it is happening in the hours that china is awake. So if the pattern continues we should see litecoin on the rise, but will it happen? Litecoins has …
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How the USMS auction will affect Bitcoin prices

The Auction As you most likely already know the USMS is going to auction off exactly  29,656.51 BTC on June 27th of 2014. The coins were obtained from the seizure of the SilkRoad. There will be 9 blocks each of 3,000 Bitcoin and the remained which will be offered in the auction. The coins in this auction are the ones that belong to the site SilkRoad and not to any of …
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Bitcoin nears 600 again, buy or sell?

Is the pre-auction dump over? We all know about the Auction that is happening on 6/27/14, will it put a dent in the Bitcoin market or will it cause it to rise? The answer depends on whether the buyers of the coins will hold them or sell them off.  In the past couple weeks Bitcoin was rallying up to the mid $600s and starting around June 10th is when the …
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