With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit. The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit Stats. The gains are hardly surprising, given Dogecoin’s (DOGE) dramatic rally over the past week. The meme-based cryptocurrency skyrocketed 400% during that period, bringing its yearly returns to an eye-watering 5,000%. DOGE’s parabolic rally moderated over the weekend, with social media sentiment data from The TIE and Cointelegraph indicating more pain in the short term. That’s because …
A Redditor has apparently spotted an imposter website for Bitcoin (BTC) hardware wallet Trezor. “Imposter site trying to steal your Bitcoin” On Oct. 4, Reddit user castorfromtheva posted about the website, stating that they conducted a test to confirm that it was not genuine. They said: “I just made a little 'typo' test and entered 'tezor[dot]io' where I obviously left out the 'r'. I was instantly redirected to a site called https://trezor[dot]run/start/ which is not the original trezor site (the correct size is http://trezor.io respectively https://trezor.io/start/).” The Reddit user said that a URL typo would indeed redirect the user to …
Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week. Recent funding and goal Asia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency. Polychain Capital and Digital Currency Group joined CoinFlex’s investment consortium back in March. CoinFlex is now reportedly looking to increase business from Asian retail investors. A safe haven from price manipulation? Per SCMP, CoinFlex describes itself as …
On December 9, investment writer Martin Tiller wrote for NASDAQ that the biggest danger to Bitcoin comes from libertarians who will “hurt the very cause that they are championing.” He argued in the article, entitled “The Biggest Dangers to Bitcoin Come from Proponents, Not Opponents,” that those who speak out against Bitcoin aren’t the ones who hurt it. We all know the “tired objections” about “bad actors” who “latch onto” Bitcoin, he says. If the digital currency fails, it will be due to those who support it: “What is probably the greatest danger to the future of Bitcoin, and maybe …
While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of Samjhill on Reddit has built a trading tool that outperforms dollar-cost-averaging (DCA) for buying Bitcoin (BTC). DCA is the strategy in which investors buy a small amount regularly regardless of price fluctuations. It works in contrast to traders keen to get the lowest entry, timing the dip to perfection and avoiding “catching a falling knife.” The aptly named “Buy the Dip Bot” aims to “get the best price for a given asset by using a …