Entries by Matt Grossman

What to tell your family about bitcoin this Thanksgiving

Every holiday conversation about cryptocurrency over the last few years boils down to one question: Should I buy some? Whether your grandma corners you in the kitchen or your uncle nudges you during dinner, it seems everybody wants to know if they can make a quick buck off bitcoin. Hope springs eternal. As you settle in for the

Bitcoin Is Crashing Again

Bitcoin is going down. It is in a bear market. That is bad news if you are a short-term holder and good news if you are a long-term acquirer. I reiterate, all you need to know is which way bitcoin (BTC) is going in the long term to develop a very profitable strategy. Get the

Bitcoin Falls, Breaking Support Level

Bitcoin (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move. Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday. Bitcoin flickers bearish That corridor had broadly characterized the largest cryptocurrency since the end of

US Congressman: Facebook Should Adopt Bitcoin, Drop Libra Project

U.S. Congressman Warren Davidson of Ohio’s 8th congressional district was recently interviewed by Noded Bitcoin Podcast co-hosts Pierre Rochard and Michael Goldstein. During the interview, the conversation turned to Facebook’s Libra project and the differences between the social media giant’s offering and Bitcoin. Earlier this year, it was Congressman Davidson who used the term “shitcoin” during a congressional hearing

What’s Going to Happen With Bitcoin?

Since its inception in 2009, Bitcoin has made and ruined fortunes, helped sell fentanyl and books about cryptocurrency, withstood literally millions of jokes and just as many predictions of imminent collapse, and—through a process opaque to most people, myself included—arrived at a point where, as of this writing, roughly ten of them could buy you

Why Bitcoin is annihilating every one of your favorite altcoins

Bitcoin continues to crush its opposition as the leading cryptocurrency now enjoys a nearly 69% share of the entire crypto market cap. This is the highest level of “Bitcoin Dominance” since April 2017 and marks an extremely frustrating period for altcoin investors. BITCOIN RISES, ALTCOINS STAGNATE Bitcoin has continued to increase its dominance over altcoins, hitting

Who Invests in Bitcoin? The Answer Might Surprise You

There are several common perceptions about investors in bitcoin and other cryptocurrencies. For example, bitcoin investors are generally thought of as younger people and as a very small subset of the population. In order to get a better idea of who is interested in and investing in bitcoin, Grayscale recently commissioned a survey. Conducted by Q8