This week continues the news of Mt Gox closure and continued interest in the future of Bitcoin and all digital currencies.
What the prevailing thought is that Bitcoin is struggling from a mixed marketing message.
Bitcoin Network Capacity
The Bitcoin network capacity is 42.7PH/s this week and was 32.8PH/s. The Bitcoin network is now 130% over the span of two weeks. Growth into the mining technology side of Bitcoin continues at a steady pace over the past 12 months.
Bitcoin Market Capitalization
The Bitcoin market capitalization has kept steady at $7.7B the past two weeks. This is demonstrating the short term stability that many have requested of Bitcoin to bring in more investment for long term growth.
Looking Forward
Bitcoin continues to find it's way in pioneering the digital currency space, naysayers even as prominent as Warren Buffet continue to hammer the negative message of Bitcoin. However, similar things were said about Elon Musk and his work at Tesla Motors and Space-X and these companies have exhibited extreme growth.
Bitcoin Pricing Commentary
The price of BTC is slightly decreasing to around $500/BTC over the past 10 days. If we look at the 30 day outline, you can see the recent stability is starting to wane as well.
Bitcoin is struggling to bring a new vision to the market about instant money transfer, safety from government taking citizens money and providing little interference or fees in the process....Good enough for long term growth? We will see soon.
What the prevailing thought is that Bitcoin is struggling from a mixed marketing message.
Bitcoin Network Capacity
The Bitcoin network capacity is 42.7PH/s this week and was 32.8PH/s. The Bitcoin network is now 130% over the span of two weeks. Growth into the mining technology side of Bitcoin continues at a steady pace over the past 12 months.
Bitcoin Market Capitalization
The Bitcoin market capitalization has kept steady at $7.7B the past two weeks. This is demonstrating the short term stability that many have requested of Bitcoin to bring in more investment for long term growth.
Looking Forward
Bitcoin continues to find it's way in pioneering the digital currency space, naysayers even as prominent as Warren Buffet continue to hammer the negative message of Bitcoin. However, similar things were said about Elon Musk and his work at Tesla Motors and Space-X and these companies have exhibited extreme growth.
Bitcoin Pricing Commentary
The price of BTC is slightly decreasing to around $500/BTC over the past 10 days. If we look at the 30 day outline, you can see the recent stability is starting to wane as well.
Bitcoin is struggling to bring a new vision to the market about instant money transfer, safety from government taking citizens money and providing little interference or fees in the process....Good enough for long term growth? We will see soon.
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