Blog: CoinStats Blog

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Author Rozi Karapetyan, Yashu Gola,
Stats Has published 65 posts about cryptocurrency

Jun 14 2021

Even China’s Hegemony on Bitcoin Mining Can’t Make It a Centralized Technology

Jun 14 2021 Published at CoinStats Blog under tags  articles bitcoin

When Elon Musk was ranting openly about how bad Bitcoin is for the environment — even though the billionaire investor had his company Tesla pour $1.5 billion into the flagship cryptocurrency — one of his arguments concerned its public ledger’s centralization. “Bitcoin is actually highly centralized, with a supermajority controlled by a handful of big mining (aka hashing) companies,” Musk tweeted. “A single...

Feb 17 2021

A $100,000 Bitcoin is Not a Meme Anymore

About three years ago, Morgan Stanley analyst James Faucette and his team sent a note to its clients about Bitcoin. In the paper, the group suggested that the actual value of the benchmark cryptocurrency, which was trading around $13,500 at that time, might be zero. Mr. Faucette might have been right to a point. The year...

Feb 01 2021

GameStop’s Short Squeeze and What It Means for Bitcoin

Who wins when an army of red ants attack a big-bulky elephant? That is pretty much the fight between retail traders and hedge funds as they attempt to make profits from an unloved GameStop stock. Bonus: it does leave a lot to grasp for the emerging Bitcoin industry. A Little Background For months, some Reddit users—led by an alpha going by the pseudonym...

Jan 06 2021

The Top Three Bitcoin Predictions for 2021

Jan 06 2021 Published at CoinStats Blog under tags  bitcoin bitcoin price

Happy New Year CoinStats followers, especially as Bitcoin explodes past $34,000, then corrects back below $30,000, and then moves back above $30,000. The price volatility—indeed—continues to pose risks for the faint-hearted. But what eases even the most quaking Bitcoin traders is its market's glowing long- term outlook. In retrospect, the cryptocurrency has surged by more than 300 percent in the last 12 months on...

Dec 21 2020

Bitcoin Price is Ready to Explode in 2021

Dec 21 2020 Published at CoinStats Blog under tags  bitcoin fed inflation tenet us dollar

If you wonder whether or not you should Bitcoin as it trades near its record high levels, the general narrative has only one answer: go ahead and don't look back. The post Bitcoin Price is Ready to Explode in 2021 appeared first on CoinStats Blog.

Dec 11 2020

The Best Ways To Lower Your Crypto Taxes in 2020

Dec 11 2020 Published at CoinStats Blog under tags  bitcoin crypto cryptocurrency opinion

One of the most powerful yet underutilized ways to reduce your crypto taxes is tax-loss harvesting. The post The Best Ways To Lower Your Crypto Taxes in 2020 appeared first on CoinStats Blog.

Nov 29 2020

Bitcoin’s Drop Has Done Little in Shaking Its Bullish Momentum

Nov 29 2020 Published at CoinStats Blog under tags  articles bitcoin btcusd cryptocurrency

Bitcoin has a crucial task ahead to determine whether its record-setting bull run in 2020 is a repeat of 2017's pump-and-dump scenario or its first step towards a long-term ascent. In the last seven days, the benchmark cryptocurrency signaled the former. Its price took a beating, falling more than 30 percent from its yearly high... The post Bitcoin's Drop Has Done Little in...

Nov 21 2020

Even Steven Mnuchin Couldn’t Crash Bitcoin

BTC/USD finally showed strengthening signs of becoming an independent asset. The cryptocurrency's lack of responsiveness to Mr. Mnuchin's anti-economy proved its resilience. The post Even Steven Mnuchin Couldn't Crash Bitcoin appeared first on CoinStats Blog.

Even Steven Mnuchin Couldn’t Crash Bitcoin

Steve Mnuchin is no Bitcoin fan. The US Treasury Secretary took shots at the cryptocurrency in July 2019, calling it an...

Even Steven Mnuchin Couldn’t Crash Bitcoin

Steve Mnuchin is no Bitcoin fan. The US Treasury Secretary took shots at the cryptocurrency in July 2019, calling it an equivalent...

Even Steven Mnuchin Couldn’t Crash Bitcoin

Steve Mnuchin is no Bitcoin fan. The US Treasury Secretary took shots at the cryptocurrency in July 2019, calling it an equivalent of "Swiss-numbered bank accounts" that facilitated money laundering and other illicit financial activities....

Even Steven Mnuchin Couldn’t Crash Bitcoin

Steve Mnuchin is no Bitcoin fan. The US Treasury Secretary took shots at the cryptocurrency in July 2019, calling it an equivalent of "Swiss-numbered bank accounts" that facilitated money laundering and other illicit financial activities....

Nov 16 2020

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who considered the cryptocurrency as their true hedge against the economic meltdown led by the coronavirus lockdowns suddenly felt the need to not holding it. The reason was simple: they thought there won't be extended lockdowns in the... The post Why Gold Fell Drastically Last Week...

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders...

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who...

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who considered the cryptocurrency as their true hedge against the economic meltdown led by the coronavirus lockdowns suddenly felt the need to not holding it. The reason was simple: they thought there won't be extended lockdowns in the future as they looked into the prospects of...

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who considered the cryptocurrency as their true hedge against the economic meltdown led by the coronavirus lockdowns suddenly felt the need to not holding it. The reason was simple: they thought there won't be extended lockdowns in the future as they looked into the prospects of...

Nov 03 2020

A Look Into Bitcoin and Its Performance Around US Presidential Elections

The first time Bitcoin witnessed a US election was when it was only three years old. The cryptocurrency was about to celebrate its second anniversary as a tradable financial asset on now-defunct Mt. Gox exchange – even as half of the world assumed it was a scam, a Ponzi scheme, a terrorist financing/money laundering tool, and... The post A Look Into Bitcoin and...

A Look Into Bitcoin and Its Performance Around US Presidential Elections

The first time Bitcoin witnessed a US election was when it was only three years old. The cryptocurrency was...

A Look Into Bitcoin and Its Performance Around US Presidential Elections

The first time Bitcoin witnessed a US election was when it was only three years old. The cryptocurrency was about...

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