deVere CEO: “I sold half my Bitcoin holdings over Christmas” 6 hours ago Bitcoin, Cryptocurrencies, Investments, NEWS 38 Views As Bitcoin hits nearly $32,, Nigel Green, the CEO of one of the world’s largest financial advisory and fintech organizations has revealed that he has sold half of his Bitcoin holdings. Dec 29, · News In the space of just a few days before Christmas, bitcoin and other cryptocurrencies lost over 40%. After months of huge price surges, on 22 December bitcoin suffered its biggest crash since , dropping from US$13, down from its high of $20, Choose an exchange to buy Bitcoin. Dec 31, · “The steady gains in the price of Bitcoin has made the digital currency the top performing asset of , up over %. As such, I felt the time was right for profit-taking.”.
Bitcoin price over christmasJPMorgan Predicts Bitcoin Price Could Rise Over $, in Long Term - CoinDesk
Many advisers suggest that only those with the financial wherewithal to withstand a substantial loss should even consider dabbling in digital assets. At its core, bitcoin is a software tool that allows anyone to memorialize transactions on an immutable digital ledger.
So-called bitcoin miners solve complex puzzles or cryptograms that require an outsize expenditure of computing power and help to confirm transactions, and miners are in turn rewarded with bitcoins for that effort. This technology prevents double spending, in theory, and anonymizes users, which is why critics argue that its primary use is for money laundering and corruption. In its nascence, a single bitcoin was worth a fraction of a cent, but its moves have been stratospheric over the past 11 years, as demand has surged from both mainstream users and new corporate and individual entrants, who make the case that a revolution in financial markets is at hand.
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Consumer buyers selling for cash at Christmas This is believed to be the biggest reason bitcoin and all the big cryptocurrencies crashed in December. Bitcoin Cash confusion As Bitcoin Cash , the bitcoin fork which offers larger blocks for faster transactions, gained prominence in December, the traditional BTC began to take a hit.
The growth of the altcoin While Bitcoin and most other large cryptocurrencies took a big hit before Christmas, many smaller currencies saw a huge surge in growth as buyers who were originally attracted to the market through the bitcoin buzz began to discover alternatives.
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