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If Bitcoin Price Dips Under $8,000, I’m Buying, Says Titan Ventures Co-Founder

  • Yuri Molchan
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    Now Bitcoin is trading above $8,000, but should it go down, Michael Nye, a Titan Ventures co-founder, says he will buy it immediately

If Bitcoin Price Dips Under $8,000, I’m Buying, Says Titan Ventures Co-Founder
Cover image via news.u.today

Recently, the Bitcoin price experienced a major correction when it lost over $1,000 within a few hours and around 15 percent within a week.

Many prominent investors and Bitcoin bulls, such as Mark Yusko from Morgan Creek Capital, or the angel investor Anthony Pompliano, published Twitter posts saying that it is time to buy BTC while it has gone cheaper.

Now, a co-founder of Titan Ventures and the creator of the Coindust app, Michael Nye, has taken to his Twitter handle to announce that whenever Bitcoin price goes under $8,000 he goes and buys it to receive higher yields later on.

At the time of writing, Bitcoin is exchanging hands at the price of $8,207.

BTC price
Image by Coinmarketcap

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Earlier on Wednesday, U.Today reported that one of crypto traders, "Credible Crypto", voiced his opinion that the Bitcoin price is going to head for the $14,000 level.

 

Are you expecting the Bitcoin price to rise soon or will it continue to go down? Feel free to share your opinion with us in the comments below!

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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