#1 Source for BlockChain News

Category archive

bitcoin price

Square

Square is Hiring | You Can Be Paid in Bitcoin if You Want

Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team.

Square Bitcoin Payments

If Dorsey’s tweets are anything to go by, then the company is hiring engineers and a designer to “work full-time on open source contributions to the bitcoin/crypto ecosystem.” 

The Square cash app already supports Bitcoin purchases and sales so it is intriguing to think of what these new hires may be working on.

But beyond that tweet, information is scarce. However, what is notable, is that these new hires will be able to be paid in Bitcoin if they so choose. It makes sense that Square would offer this option, Dorsey being a major advocate of cryptocurrency, earning himself the nickname Bitcoin Evangelist.

His belief is that Bitcoin should become the world’s single native currency and using it is moving forward.

>> Polymath Partners with SeriesOne for Security Token Issuance

Impactful

Dorsey added in a separate Tweet that “the most impactful thing” his company can do is to build upon the current cryptocurrency ecosystem. And this is one way it can give back to the community.

He commented:

“Square has taken a lot from the open source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet.”

Dorsey recently spoke in a podcast about the Square app saying how payment apps like it are the future for cryptocurrency:

“We’re empowering the electrician to send invoices, setting up the food truck with a delivery option, helping the clothing boutique pay its employees, and giving the coffee chain capital for a second, third, and fourth location.”

What do you think? Would you like a job working for Square?

Featured Image: DepositPhotos © sdecoret

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Bitcoin Trader

How to Become a Bitcoin Trader

There are several ways to make money in the cryptocurrency market, and you have probably read about some of them. We have covered a few techniques on this platform too. In this post, however, I’ll explain some common trading methods you can begin using right away and give you a few tips for engaging safely in the market.

You must have heard some people refer to themselves as Bitcoin traders, but what exactly does that mean? These are some of the questions this post will try to answer.

How to Become a Bitcoin Trader

Bitcoin traders buy and sell Bitcoin with the motive of making a profit in the short term. They are mostly focused on the upward and downward movement of price rather than the fundamentals of the asset. There are many methods traders use to earn money in the market, but the two listed below are practicable for beginners.

Proprietary Trading

This is one of the simplest ways to earn from the cryptocurrency market. It involves you buying a portion of Bitcoin from a cryptocurrency exchange and selling it off when the price goes up. However, proprietary trading isn’t quite as easy as it sounds.

First, there are hundreds of cryptocurrency exchanges operating these days, and some of them are just pure scams. The critical thing you want to do then is to find the safest and most secure cryptocurrency exchange you want to use. And it is quite easy; you can ask people you know who already trade Bitcoin or check platforms (like Cryptocompare) that review cryptocurrency exchanges.

It’s also important to note that Bitcoin is extremely volatile. In other words, its price can experience sharp fluctuations in a short period. For example, the price of Bitcoin fell by about 35 percent in November alone. So, to be able to make some nice profit you have to learn how to anticipate the market correctly. Some experienced traders have identified specific patterns through the use of historical data that allow them to forecast and make a profit in the long run. So, in this case, you can choose to open a trading position and hold it open for a day, one week, or even for months depending on what the data shows.

>> RAID Project: Bittrex Cancels RAID IEO Hours Before Launch

Market Making

A market maker is at both ends of a Bitcoin trade. Market makers earn their profits by providing liquidity for the market. They do so by creating limit orders in both directions; their profit is the spread on the bid and ask (Bid is a buy order while Ask is a sell order).

On an exchange like LocalBitcoins, for example, the price of Bitcoin could be at $3,000, so you would create a buy order for $2,999 and a sell order for $3,001. When both orders get filled, you earn $2 as profit. That seems small, but considering that you can keep doing this same thing over and over again and quickly get to 100 trades a day, it makes sense for many traders.

When Market Making Goes Wrong

Market making is profitable when Bitcoin has a relatively stable exchange rate. Let’s imagine the price of Bitcoin starts a sudden surge upwards; your buy order, the one that tries to buy low, might not get filled. However, your sell order will be taken at the price that you have set in advance, which means you have just missed the opportunity to sell at a higher price.

On the other hand, if the price takes a beating, as it did in 2013 when we saw the price of Bitcoin fall from $233 to $67 overnight (that’s a 71% drop), then your sell order might never get executed and you’ll be on the losing end if your buy order has already been taken up.

Critically, market makers increase liquidity on cryptocurrency exchange platforms, giving options for market takers to execute a trade immediately and therefore create a thriving marketplace.

There is a degree of risk attached to whichever method you choose to use. Taking a crash course on how to manage risks should, therefore, be the priority before you take a swing at trading Bitcoin.

Featured image: Pixabay

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Bitcoin price

Bitcoin Price | Today’s Market Leaders and Deceivers

Checking in with CoinMarketCap, it is clear to see that the majority of the crypto market is in the green. Though the gains are small, 80% of the top 10 coins by market cap are on the rise. Market leader Bitcoin price is up only 0.46% at the time of writing, selling for $3,924 USD per coin—but up is up.

Bitcoin Price

Last weekend, Bitcoin (BTC) came close to breaching the important $4k resistance mark. Bulls were hopeful as Bitcoin price reached a month high of $3,978 USD on March 9th.

Going back to the tail-end of February, Bitcoin skyrocketed to $4,198 in a 24-hour period. Certain prominent bulls such as Brian Kelley spoke out in favor of the coin, and this helped a surge. However, ever volatile, the gains did not last, and Bitcoin slumped the following day back to $3,810 approximately.

Now, at $3,924 USD, it is nearing that stable $4k mark once again but whether it will get up, over, and stay above the hump remains to be seen.

Overall, the last seven days have shown momentum in favor of the bulls. Bitcoin price has maintained its value around the $3,900 mark and has yet to experience any significant decline or sudden correction.

Bitcoin Cash

The day is still young, but Bitcoin Cash (BCH) is leading the top ten with a 4.7% jump at the time of writing. There is no market news to attribute this gain too. It seems in a quiet market, this is simply the work of zealous bulls as BCH breaks above the resistance at $135.

At the time of writing, Bitcoin Cash is selling for $135.03 but with significant dips throughout the day already, it is questionable if BCH can maintain its position above the critical resistance level.

>> Coinbase Upgrades: Wallet App and OTC Desk Get Improvements

Ethereum

Elsewhere, Ethereum (ETH) is having a hard time gathering momentum. It is selling for $133.64 USD, up 0.29% at the time of writing. ETH hit a low of $130 this week, amidst a week where the coin has continually declined.

Are you surprised that Bitcoin price is in green? It has been quite stable in recent weeks; will it last?

Featured Image: DepositPhotos © KostyaKlimenko

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Steve Wozniak

Apple’s Steve Wozniak Says Bitcoin has “Massive Value Creation”

Apple co-founder Steve Wozniak has spoken out about Bitcoin in a revelation that many would consider bullish in sentiment. Wozniak, in an interview with Bloomberg, has said of the coin that “we’ve seen massive value creation.”

He also puts most of the market volatility down to fear-mongering and psychology.

Apple’s Steve Wozniak

The co-founder of Apple has always spoken highly of the coin and once said it would become the world’s single currency.

The interviewer challenged him on this view asking him if he still had the same opinion considering “we’ve seen massive value destruction in Bitcoin.”

But to that question, Steve Wozniak remained as bullish as ever about Bitcoin by saying:

“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”

Steve Wozniak and Bitcoin

The tech icon has owned Bitcoin in the past. In the interview, he elaborates on this saying that he only kept it to experiment with and to experience the coins development, not for profit or typical investment reasons. He explains how he sold it when the price got really high:

“I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”

Blockchain

Although bullish on Bitcoin, Wozniak has been apprehensive about blockchain—the technology that underpins the digital asset—in the past. He has compared this industry as the next potential dot com bubble believing that many blockchain startups will inevitably over-promise and under-deliver as much as the computer industry did in the ’90s. At an event in New York in June last year, he said the following:

“A lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

On the ’90s hype over the growing computer industry, Steve Wozniak commented: “It was a bubble, and I feel that way about blockchain.”

>> Could Consumers Use the JPM Coin One Day? Maybe

Ripple to the Rescue

And while there is some potential truth in Wozniak’s concern, blockchain companies such as Ripple have been laying the groundwork in recent months to make sure that exact problem doesn’t happen.

Ripple has invested millions of its own hard-cash into a program called the University Blockchain Research Initiative (UBRI). The UBRI is focused on developing the upcoming generation of blockchain developers, ensuring the talent is there to keep this industry alive and growing.

At present, it has 28 universities attached to its self-funded $50 million USD initiative.

Do you agree with Wozniak about Bitcoin? Is he right to be bullish on the coin? Should we be more wary of blockchain hype?

Let us know!

Featured image: DepositPhotos © toxawww

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Bitcoin Price

Bitcoin Price Drop | BTC Loses $400 in Just 30 Minutes

It was looking so promising for Bitcoin price last week. The largest coin by market cap surged passed the $4,000 USD mark, only to crash back down on Sunday, February 24th.

Bitcoin Price Drop

Bitcoin dropped a huge $400 USD in just 30 minutes, declining 10% from $4,150 to roughly $3,805 in a short space of time.

There was no catalyst for the sudden drop, except for investors taking their profits while they can.

$4,180 was a six-week high for the coin, and while the price has dropped, daily volumes are still at year-highs of over $10 billion. The coin managed to clamber up $700 in value across last week.

Today is telling a different story for Bitcoin price: BTC is up 1.71% and selling for $3,894 USD at the time of writing according to CoinMarketCap.

Altcoins Drop Too

As is usually the case, when Bitcoin price suffers a decline, altcoins also take a tumble.

Ethereum (ETH) lost almost 9% in the same period and fell to $139, having started the day at $148. Now, it too has repaired some losses and is back in the green by 0.37%. ETH is currently selling for $140.90.

The third largest coin by market cap, Ripple (XRP), also told a similar story. It lost roughly 7% in the last 24 hours but has rebounded today. XRP currently trades at $0.31 USD and is up 3.30%.

Altcoins Soaring

Bitcoin price is being outshone today by two coins in the top ten. Litecoin (LTC) and Bitcoin Cash (BCH) are both rebounding well after the weekend’s crash.

Litecoin is trading at $47.06 USD and is up 4.70% on the day.

Bitcoin Cash is today’s biggest gainer, however, trading at $138.49 USD per coin; it is up 4.87% at the time of writing.

>> OKEx C2C Platform Adds Ripple (XRP) and Bitcoin Cash (BCH)

Volatility

Elsewhere in the crypto-sphere, it will be interesting to see how Bitcoin price reacts to Warren Buffet’s most recent criticism of the coin. According to CNBC, the Berkshire Hathaway CEO has called the digital currency a “delusion” and that it “attracts charlatans.”

The investment mogul has been an outspoken bear regarding the coin for some time now. In 2018 he criticized the coin alongside Bill Gates in another chat with CNBC. On that occasion, he said the asset itself is creating nothing” and that he can say “almost with certainty, that [cryptocurrencies] will come to a bad ending.”

But what do you think? Will Bitcoin price react to his sentiment tomorrow?

Featured Image: DepositPhotos © radu.cadar.gmail.com

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

1 2 3 18
Go to Top
%d bloggers like this: