Trader Who Called Bitcoin 2018 Collapse Warns BTC an ‘Outstanding' Speculative Asset That Could Be Usurped

The veteran trader who nailed Bitcoin's 2018 bear market collapse says Bitcoin (BTC) serves a wholly different purpose than what's advertised. Peter Brandt tells his 663,000 followers that even though he's a long-term BTC bull, he believes Bitcoin is purely a speculative play rather than an investment due to the number of crashes it's seen The post Trader Who Called Bitcoin 2018 Collapse Warns BTC an ‘Outstanding' Speculative Asset That Could Be Usurped appeared first on The Daily Hodl.

Timeline of Bitcoin

ETH moved into the $1,200 region to start the weekend, as prices rose for a third consecutive session. Bullish sentiment has been missing from crypto markets in recent months, however the timely return also saw BTC near its highest point this week. Bitcoin Bitcoin entered the weekend trading in the green, as bulls extended their

With rising energy costs and cryptocurrency prices declining, bitcoin miners are finding it difficult to remain profitable, putting several significant businesses in danger of going out of business. As mining profitability declines, bitcoin miners, a majority chunk of the token's owners—are expected to sell more of their holdings. According to Bitinfo data, the average mining …

Crypto assets seemed to be stabilized on Saturday morning, as Bitcoin (CRYPTO: BTC) remained above the $20,000 level, although according to a prominent analyst there's trouble ahead. What Happened: The pseudonymous crypto analyst Capo has been predicting that the overall cryptocurrency market will see a downfall, and with extreme market conditions, Bitcoin (CRYPTO: BTC) is likely to fall further.

Analysts say an increasing number of loans are underwater, as many of the mining rigs that lenders accepted as collateral have halved in value, along with the price of Bitcoin. The post Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says appeared first on The Block.

China media is sounding alarm bells, warning investors to stay away from cryptocurrency in general, Bitcoin in particular, as they predict that cryptocurrency has seen its heyday and is now on the fast track to becoming worthless. Maybe I'd want to say something snooty about China's ban failing to send Bitcoin to zero or preventing

A white hat hacker tries to recover millions in lost BTC but only managed to get $105 so let's read more today in our latest Bitcoin news. Lavar, who originally purchased the BTC back in 2016 added: “We didn't make money, but we definitely made new friends.

The bTC Energy consumption dropped by a quarter after the recent crypto crash and if previous downturns are a sign, the energy consumption could fall even further in a week's time so let's read more today in our latest Bitcoin news. The Bitcoin network power consumption dropped to 11 GW, down 27% from the 15

The BitPanda Bitcoin trading platform decided to make cuts in its workforce due to a variety of reasons such as excessive growth rate and changing market sentiment so let's read more today in our latest Bitcoin news. As the crypto winter sets in, Web3 companies are in a difficult position of cutting staff and during

Bitcoin miners- which make up a sizeable portion of the token's holders, are likely to sell more of their holdings as mining profitability slumps. Data from Bitinfo shows that average mining profitability is roughly 10 cents a day for 1 transaction hash, close to record lows.

With Bitcoin languishing over 73% below its November highs, the token has decidedly entered a bear market. But several macroeconomic factors make this bear market different from the ones seen in 2020 and 2018, complicating the timing of a recovery.