The Cryptolife of Kim Dotcom

Kim Dotcom (born Kim Schmitz) must be one of the most interesting characters in our crypto world.     Dotcom is a German-Finnish Internet entrepreneur and political activist who resides in Queenstown, New Zealand. the founder of now-defunct file hosting service Megaupload.   In Germany, he rose to fame as a teenage hacker but his real fame started when, since the closure of Megaupload, he has been accused of criminal copyright infringement and other charges, such as money laundering, racketeering and wire fraud, by the U.S. Department of Justice.  …

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Tom Lee’s Chart predicts Bitcoin price at $91,000 in 2020

Tom Lee’s Fundstrat chart is predicting Bitcoin hitting $91,000 by March 2020.  To reach this prediction, an average of the percentage gained at price after each dip to get to the $91,000 prediction.  See graph below as reported by Forbes.       This latest prediction by Tom Lee will excite some investors, particularly those who bought into Bitcoin when it was trading around the $20,000 mark.  Crypto fever gripped the Nation – almost all nations towards the end of 2017. People everywhere were gripped by FOMO [Fear Of Missing…

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Is the Bitcoin bubble bursting?

 Allianz Global Investors have warned that the Bitcoin Bubble is about to burst.  The growth in the Bitcoin price is nothing short of incredible and even though the price has tumbled right down to $7750 at the time of this publication. The percentage growth was approximately 730% against the USD at the current price, and close to 2000% growth at the higher recorded price of $19,435.     “So is this the end of the hype about Bitcoin as the future of global currencies? Probably not yet, since speculation in…

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What happens to your Bitcoin Hardware Wallet when the Blockchain Explorer goes down?

 With all the news about hacking and lost cryptocurrencies, people are looking for safe alternatives for storing their Bitcoin and other currencies. The “Hot” alternative at the moment is so-called “hardware wallets”, these tend to be a much better alternative than centralised wallets like those on exchanges or provided by popular providers.   It seems though that some Bitcoin owners are confused about where their coins are kept. It is important to understand that your cryptocurrency never leaves the blockchain, so coins are not kept “in a wallet”. What the…

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New Bitcoin Bombshell Prediction – Cryptocurrency to hit $ 50k this year

  Amongst all the bearishness and predictions of a Bitcoin Crash one analyst speaking at the World Economic Forum in Davos,  Jeet Singh, a cryptocurrency portfolio manager for the last six years, says it is common for virtual currencies to fluctuate by 70 or 80 percent.     He explained that one should compare cryptocurrencies, such as Bitcoin, EOT, and Ripple, to early tech giants like Microsoft.   He said: “If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t…

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The Craziness of Bitcoin Investors

Crypto fever has gripped the Nation – rephrase – Almost all nations.   People everywhere are gripped by FOMO [Fear Of Missing Out] and want to jump on the bandwagon. The problem is a lot of people are throwing caution to the wind and here some of the risky things people are doing to jump on the Bitcoin bandwagon:   Maxing out Credit Cards to Buy Bitcoin According to consumer group LendEDU, a whopping 18% of people purchased their cryptocurrency with a credit card but most disturbing is that 22%…

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Forget Korea… Bitcoin Rocks in Japan – Literally

Korea has been in the news lately for regulation or banning Bitcoin but meanwhile in Japan… Each of the eight girls represents one of the larger digital monetary formats. Yes, you’re supposed to cheer for bitcoin… or swoon over Ethereum (what, no Litecoin?). The group played its first concert on January 12th, and naturally, you had to pay in cryptocurrency to be one of the few members of the general public to get in.     Full Story – Click Here     The group’s first single, “The Moon and…

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Why Bitcoin is not for you

Bitcoin or cryptocurrency is certainly not for everyone and might not be for you if:     You believe in the system and trust banks: Some people cannot help themselves and have to believe that we can trust in the system or do not want the responsibility being in control of their own money. That way, if something goes wrong, you can blame someone else…   Fact is the system is broken and governments worldwide are running huge deficits.  The problems of the 2008 financial crisis have still not been resolved. …

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More Bullish Bitcoin Price Predictions for 2018

Tom Lee, a market strategist from Fundstrat, is buying in this so-called “Bitcoin pullback”.  He has now increased his mid-2018 Bitcoin price target to $20000 from the initial prediction of $11,500.   No doubt the price has dipped due to profit taking, however, newcomers to this market could be running scared thinking they have already lost.  For fear of losing out (FOMO), some people have mortgaged their homes, while others bought on credit – consider this, the rule of thumb is never to invest more than you can afford to lose in…

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Bitcoin Exceeds 1000% growth in 12 months

Bitcoin is smashing all-time records, recording a high of $8082 during the early hours of Monday, 20 November 2017.  This rally after a 29% drop in price earlier this month.  What is driving this price?       There has been much activity around Bitcoin during this year that could be tabled as drivers. Firstly, Japan made Bitcoin a legal payment system on 1 April 2017.  As shown in the graph below, the Japanese Yen dominates Bitcoin traded volume in the currency split followed by the USD and the South…

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