..

Investors Sense ‘Big Move’ With Bitcoin Price

Written by:
Guest
Published on:
Jul/10/2017

Bitcoin’s price is about to break out in what commentators expect will be a “big move.”  This according to CoinTelegraph.com.

BetOnline

LiteCoin proudly accepted at BetOnline – Click banner above

Recently trading between $2,400 and $2,800, there is much talk of the anonymous digital currency breaking out of its current triangle with some investors believing a price increase is “imminent”.

From CoinTelegraph:

Short-term investors have been largely focused on altcoins such as Litecoin in recent weeks, with Ethereum having dropped and remained below $300 due to a turbulent bout of volatility at the end of June.

Bitcoin is being viewed as the “new gold” by some analysts, one of whom sees a 21-fold surge.

“One of the drivers is crypto-currencies are cannibalizing demand for gold GCQ7, +0.21% ” Fundstrat’s Tom Lee wrote in a report. “Based on our model, we estimate that Bitcoin’s value per unit could be $20,000 to $55,000 by 2022 — hence, investors need to identify strategies to leverage this potential rise in crypto-currencies.”

Lee predicts investors will look to bitcoin as a gold substitute.

“This is a game changer, enhancing the legitimacy of the currency and likely accelerating the substitution for gold,” Lee wrote.

Bitcoin now accounts for over a quarter of online gambling transactions at some Web betting firms, especially those in more “high risk” markets.

- Aaron Goldstein, Gambling911.com

Business/Financial News

How Safe is it to Deposit and Bet with Crypto, Bitcoin? And What Kind of Technology is It Using?

How Safe is it to Deposit and Bet with Crypto, Bitcoin? And What Kind of Technology is It Using?

For the past few years, the use of Bitcoin and other cryptocurrencies in the gambling industry has increased significantly. What started with a few cryptocurrency-only gambling sites has now ballooned into a sweeping revolution of the gambling space where traditional online betting platforms have started to offer and support cryptocurrency payment options together with fiat deposit and withdrawal methods. 

Bitcoin Price Climbs Over $19K, Approaches All Time High

Bitcoin Price Climbs Over $19K, Approaches All Time High

The Bitcoin surge continues as the cryptocurrency surpassed the $19,000 mark Tuesday morning.

How Do Bookies Get Business?

How Do Bookies Get Business?

Bookies get business a number of ways.  Below, Gambling911.com examines just a few courtesy of our friends at PricePerPlayer.

Price of Bitcoin Climbs Over 17K

Price of Bitcoin Climbs Over 17K

Bitcoin continues its momentous run with the cryptocurrency moving over $17000 for the first time in almost three years.  Bitcoin is the most utilized transaction method for online gambling in designated "restrictive" markets, which encompass more than half the globe.

Bitcoin Goes Over $16K: Up 120% YTD

Bitcoin Goes Over $16K: Up 120% YTD

Bitcoin has surged past $16,000 for the first time since January 2018 and is up over 120% YTD! 

Syndicate