Bitcoin and cryptocurrency round-up: 5 February 2018

Posted: 5 February 2018 6:20 pm

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What now?

The cryptocurrency bloodbath continues in a dull and uninspired fashion, while bitcoin prices fall so fast the coin literally proverbially goes back in time until the energy bill shocks it back into the present.

Plus we take a look at the countries where BTC is still going wild (the results will shock you, unless you're in Japan, the USA, Korea, Europe or Russia) and haul out the weekly price analyses.

1. Bloodbath XIV - The Everlasting One

It should probably have been put to bed by now, but the series continues finding new villains to milk. The villain of the latest episode is FUD from India who goes around painting red numbers everywhere.

Will the heroes defeat the villain by putting green numbers around the place? The answer is a very confident shrug.

2. Bitcoin goes retro

The original currency of the future steps back in time. At least its prices do. Bitcoin has fallen under $8,000 for the first time since November 2017, right before its meteoric December rise.

Can Dorothy go back to Kansas? Probably not, but some speculators are still betting the farm on a trip to Oz. Find out what this mangled metaphor means here.

3. Bitcoin checks the energy bill

What's the damage? About US$197 million so far this year, forecast to hit $2 billion for the entire year.

Is bitcoin's energy consumption sustainable? Of course not. Unless there are big changes of some kind.

4. Find out where bitcoin is most popular with one simple trick. The results will shock you.

One simple trick, right? First you click here then you read the words and look at the colourful graph. Pretty good eh?

Disclaimer: Shock is not guaranteed and is largely derived from the JPY:BTC pairs accounting for 50.95% of total volume, and just 5 fiat currencies accounting for 96.1% of total volume.

5. Weekly price analyses: Schadenfreude edition

  • Ripple was "sent to the butchers"
  • Litecoin is "worse for wear"
  • Ethereum is "smashed"
  • Bitcoin takes an "absolute hammering"

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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