Archive for January, 2017

Explaining China’s effect on Bitcoin’s price

Thursday, January 12th, 2017

The effect on Bitcoins price by the sheer population of India and China is undeniable due to the sheer lopsided transaction volume occuring within China.

But it’s also helpful to understand how the culture of investing also effects the price of Bitcoin.

Simon Dixon, CEO of BnkToTheFuture.com says, “80 percent of the stock market volume in countries like the United States and the United Kingdom are instructional investments. In China 80 percent of the stock market volume is due to retail investors investing their own savings.”

Instructional fund managers manage savings through fund management, insurance and pension funds. They favor low risk and low return. Retail investment is done by the individual and they usually tend to favor high risk and high return.

Spreading distribution will lower such effects in the future.

https://cointelegraph.com/news/chinese-traders-create-lopsided-bitcoin-market-investors-ready-to-take-higher-risks

Can India become the new China?

Wednesday, January 11th, 2017

It’s common knowledge that Bitcoin’s price is heavily affected by the monetary policy in China; effectively, it’s a tug-of-war between Bitcoin and the Chinese Yuan, a David vs. Goliath if you will. Unless and until China relents its hold on Bitcoin (or rather, its citizens do), it will still be pretty much the most influential player in the game. However, a new contestant is stepping up to the plate, a country with a large enough population to take the crown from China: enter India. Ever since the abrupt demonetization of the Indian Rupee, people from India have been researching thoroughly about Bitcoin more than ever, and it might just be the case that the next price upswing will not originate from China, but rather, from India.

More about it here:

https://www.cryptocoinsnews.com/indias-bitcoin-google-searches-hit-time-high/ 

How long will I slide?

Friday, January 6th, 2017

RHCP snazziness apart, Bitcoin’s price fluctuations are a cause for worry for most who would like to see BTC enter mainstream adoption. Luckily it seems that such fluctuations will steady out over the next few years as Bitcoin grows. Read more about it here:

https://cointelegraph.com/news/study-bitcoins-volatility-to-level-with-fiat-by-2019?utm_source=dlvr.it&utm_medium=facebook

The probable reason behind Bitcoin’s plunge earlier today

Thursday, January 5th, 2017

We’ve long known that China has quite a significant control over Bitcoin, but it seems that there’s a direct relationship between the Yuan and Bitcoin’s price – it’s practically a tug-of-war between the 2! Read more about it here:

http://www.reuters.com/article/us-global-markets-bitcoin-idUSKBN14P1ID

We are now live!

Wednesday, January 4th, 2017

Our website is now live and fully functional. Along with the website, we also have a Twitter account (@bitmalta) and a separate Facebook page (Bitcoin Malta) as well as our ever-growing Facebook group which does with the same name (err, Bitcoin Malta). 

This is just the start – exciting times up ahead so make sure you stay updated and follow this space for more news!

Great start to the new year!

Monday, January 2nd, 2017

2017 has started off grandly for Bitcoin as it exceeded the price of $1000 per unit. It is still roughly $200 away from its all-time high figure of $1216.73. More info on this can be read here