The value of the Bitcoin (Symbol: XBT or BTC) fluctuates constantly and Bitcoin technical analysis is required in order to know when to buy and sell this currency. Several online currency exchanges are available where one can exchange dollars and other currencies for Bitcoins. .
The traders at DailyForex monitor the Bitcoin markets on an ongoing basis and provide you with Bitcoin forecasts (Mostly XBT/USD) that show you how to profit from this unique currency. Watch the gyrations of the Bitcoin based on Bitcoin technical analysis, global availability and government regulation in the Bitcoin market analysis below.
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As Thanksgiving weekend approaches, retailers are gearing up for Black Friday. Black Friday is a retail spin-off, used by retailers to offer huge discounts just before the holiday season to substantially increase sales volumes.
Bitcoin is being very well received in Netherlands, with its user base growing substantially. It has been reported that the country is considering not imposing a Value-added tax on the sale or purchase of Bitcoins.
Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted.
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A group of billionaires have recently taken an active interest in developing the Bitcoin marketplace and Bitcoin technology. They already invested close to $21 million in the blockchain technology called Blockstream.
Bitcoin has over the past few years has had its ups and downs. From being touted as the new transaction currency, breaking away from the traditional currencies, to being used as a prime currency for running an underground drug market called Silk Road, Bitcoin seems to have come a full circle.
Ex-CEO of Citigroup Vikram Pandit, has come out in support for Bitcoin and believes that the innovative product has the potential of changing the way transactions happen.
Over the past couple of months, there were ramblings in the financial markets as to how Bitcoin has lost steam.
According to many industry experts, Bitcoin is primed for greater expansion in the near future. Get the Bitcoin/USD analysis for November 13, 2014 here.
Yesterday the Bank of Ukraine announced via its website that Bitcoins cannot be used as a form of payment in Ukraine.
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New York Superintendent of Financial Services Benjamin Lawsky, who has been trying to introduce a BitLicense legislation for all companies that are working with Bitcoin is rumoured to be stepping down in 2015.
Gems, an Israeli messaging app announced recently that it will be accepting Bitcoins as a form of payment. They released a statement that are trying to bring Bitcoin to the masses as they believe that Bitcoins have a bright future ahead.
A number of Japanese scholars have co-authored a paper, termed as “improved Bitcoin”, with the hope of it creating a better, low-volatility digital currency.
Many regulators over the past few months have come out in full support of Bitcoin. Get the analysis for November 6, 2014 here.
In the latest move to bring Bitcoin to the masses, Bitpay launched a new sale app called Bitcoin Checkout for in-store payments.
News emerged over the weekend that Bitcoin exchanges would now allow trading in other currencies, which would help in provide it with higher liquidity and more credibility, while providing entry for a new slew of traders.