Wednesday, July 1, 2015

Greece is not Buying Bitcoin

There are many factors to consider when monitoring the value of something such as Bitcoin. There is a certain psychology of markets that must be understood before making too many predictions. One is that positivity breeds more positivity. When people are feeling good about Bitcoin, they place more buy orders for it. When they are feeling negative or less hopeful about Bitcoin, they place more sell orders. Either case can affect the price in a significant way. There are many, surprisingly in wider mainstream outlets, who have attributed the recent relatively small gains of the Bitcoin valuation to the crisis […]

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