Despite the price of bitcoin reaching a record high in 2017 and then taking a bearish turn as 2018 kicked in, bitcoin bulls were not deterred and continued making overoptimistic predictions throughout the year. Among the prominent bitcoin bulls, the co-founder of markets analysis firm Fundstrat Global, Tom Lee, stood out for his unrelenting optimism
Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis, where
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2018 has officially come to an end, capping off one of the most difficult and frustrating years for cryptocurrency bulls to date. After hitting a peak market cap of $ 812 billion in the first month of the year, the crypto market has plunged more than 84% to finish the year around $ 125 billion. With the […]
FinExpertiza, a network of Russian auditing and consulting firms, has lambasted Bitcoin as the least profitable investment instrument in 2018. Russian newspaper Rossiyskaya Gazeta requested a report on the investment ranking of 14 instruments from FinExpertiza. While precious metal palladium turned out to be the most profitable investment, Bitcoin losses were noted to be 71.15% at
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Amazon is now the fourth largest company in the world behind Apple, Microsoft, and Alphabet (Google) after suffering its worst quarter since the 2008 recession. Merely three months ago, at the start of the fourth quarter of this year, Amazon was valued at $ 1 trillion. Currently, as of December 28, Amazon is valued at $ 680
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The Nasdaq is in a bear market. On December 23, the Nasdaq Composite fell to a new yearly low at 6,332 points, as stocks and securities listed on the exchange plummeted in value. A bear market is commonly referred to as a 20 percent drop from a market, index, or asset’s all-time high. Since its … Continued
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The S&P 500 (SPX) fell 2.71% Monday, marking the first time it has fallen more than 1% on Christmas Eve as the December stock market sell-off intensifies. Both the Nasdaq and Dow also posted historic losses on Monday, as nagging concerns over the current FED rate hike schedule and tariff dispute between the U.S. and China […]
The latest equity market data makes for pretty grim reading for conventional equity traders, as it shows that the Dow Jones Industrial Average has suffered its worst week since the global financial crisis of 2008. According to the data, the Dow lost 1,655 points or about 7 percent in its worst week-on-week decline in 10 years
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Password management and crypto custody company Dashlane yesterday announced the third edition if its annual “Worst Password Offenders” list, with cryptocurrency investors sitting at number three on the list. The purpose of the tongue-in-cheek ranking is to highlight password-related mistakes made by high profile individuals and organisations so as to sensitise the public about best … Continued
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With bitcoin prices dropping further early on Sunday, the cryptocurrency now looks to be heading for its worst weekly loss in over 5 years.
Following a highly volatile day of trading, the S&P 500 finished down 0.85% on Monday, bringing the total monthly losses to 9.1%. This puts the index on track for its worst month since February 2009, at the height of the Financial Crisis. Today’s losses came after a midday statement from the White House, indicating that the […]
Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace.
This Year’s Underperforming Coins
Have Fared Worse Than You Think
It’s easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have appreciated in value or, at the very least, have outperformed bitcoin. Taking a magnifying glass to 2018’s altcoin dunces makes for a productive exercise; not to revel in the misfortune of others, but for educational purposes.
On Sept. 12, Ethereum (ETH) dipped below the $ 170 mark, dropping to $ 166 to hit its lowest point of the year. Since then, within a 30-day period, ETH has shown promising recovery in its volume and momentum, rebounding from $ 166 to $ 230. Last week, on Sept. 23, the Ethereum price achieved $ 255. Worst Part of
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Bitcoin Core developers have decried infighting between Bitcoin (BTC) and Bitcoin Cash (BCH) supporters after John Newbery claimed responsibility for last week’s CVE-2018-17144 network bug.
‘Embarrassed And Sorry’
In comments on Twitter September 23, Newbery, who is tasked with checking the Bitcoin codebase, said it was because of him that the bug had gone unnoticed.
As Bitcoinist reported, the incident occurred last week, with Core developers urging the entire network to upgrade to a patched version of the Core client as a matter of urgency.
A full summary of what happened, including the technical specifications of the bug and its eradication, has since been published.
Monthly Chart for BTC/USD
The popular sentiment right now is that Bitcoin (BTC) is going down. Nobody can say for sure how low it is going to fall but most people are convinced that this is certainly not the end of this correction. As the chart above shows, Bitcoin (BTC) completed a correction of 86.54% between Nov 2013 and Sep 2015. A significant majority is of the view that this scenario is likely to unfold this time.
Stock “Market Maven,” CEO, and author Clem Chambers believes Google Trends statistics for the search term “Bitcoin” are telling us that the worst is over for Bitcoin investors. But, that’s no good if you are waiting for the new low before you buy.
Searching for a Bitcoin Boom
Chambers, recently writing for Forbes, gathered some interesting statistics from Google Trends. Searches for “Bitcoin,” compared to “Trump,” or “Taylor Swift,” are significantly higher. Chambers says:
“Bitcoin has massive brand clout. For whatever reason, the world is fascinated by it.”
2018 has been a tough year for cryptocurrencies. It all started so promisingly, as January broke with the promise of $ 3 ripple and, in tron, an altcoin that was up 14,000% in 30 days. Things swiftly went south from there, and have been sinking ever since. Judged by their all-time high (ATH), the following coins are 2018’s greatest fallen angels.
While Bitcoin has once again showed the cryptocurrency space who’s boss during this year’s bear market, there are a few altcoin exceptions that have fared relatively well. Here are some of the best (and worst) performing cryptocurrencies of Q1 2018.
Down But Not ‘Rekt’
Towards the end of 2017, Bitcoin reached an all-time high price of $ 20,089 USD. At the time, the entire cryptocurrency market was red hot, as the total capitalization peaked at around $ 820 billion in early January, according to Coinmarketcap.
Weiss Ratings recently released its latest cryptocurrency rankings. The good news is that Bitcoin’s report card has improved. The bad news is that there is certainly no shortage of weak altcoins to stay away from. Here are the twelve cryptos investors should avoid according to the independent ratings agency.
12 Cryptocurrencies to Avoid Right Now
The incredible bull-run across the cryptocurrency markets at the end of 2017 caught the attention of every investor around the globe. In retrospect, the timing was unfortunate for many as they rushed in during the peak.