Market No data for this periodFastest turn around time in the market.Purchase up to 500BTC daily for personal or business use.We Send Your Bitcoins with in seconds of receiving your money.We specialize in larger transactions usually via wires and we send large amounts of BTC all in the same day!You can NOW purchase bitcoins from any of our 1900 payment locations.You can also wire transfer for larger amounts.You get your bitcoins in YOUR E-wallet which is the same address that you instruct us to in your trading platform.We are registered with FINCEN and operate with full compliance and procedures under all federal and state laws.Overviews Bitstamp BTC-e ItBit Coinbase Sell Price $2,714.90 Buy Price $2,715.00 Last Price $2,715.00 Sell Price $2,672.10 Buy Price $2,678.66 Last Price $2,678.66 Sell Price $2,706.45 Buy Price $2,709.07 Last Price $2,707.58 Sell Price $2,710.98 Buy Price $2,710.98 Last Price $2,710.98 Register With Bitcoin Of America Create Acount

2016 Bitcoin Overview 2016 has been one of the successful years for Bitcoin with the cryptocurrency price seeing an increase of around $465 making it one of the most profitable investments of the year.A three year high of $1000 has been recorded towards the end of December with steady increase in volumes and adoption.litecoin brasilBitcoin Market Capitalization hits $15 Billion With 16.4 Million bitcoins in circulation, the Current Bitcoin market valuation is around $15 Billion as compared to $6 Billion at the start of the year.bitcoin tx boosterThis quick rise in market capitalization can be attributed to the increase in Bitcoin price supported by consistent adoption across the globe.litecoin estimated value 2014

Yuan and USD dominate the Volume split across currencies Consequently, amongst the world currencies, Yuan dominated the volumes with a market share of 96%.Following Yuan in second position was USD, followed by EUR and GBP.USD volumes increased significantly from ~1.5 Million BTC in 2015 to ~3 Million BTC in 2016.bitcoin cardable sitesThis increase was expected owing to growing Bitcoin ecosystem in US and increasing Bitcoin transactions.bitcoin centosChinese Exchanges were major contributors to Volume Ironically, the Bitcoin ban in China didn’t affect the trading volumes drastically.ethereum news cnbcChina still remains to be the highest contributor to the Bitcoin Trading volumes.bitcoin tap faucet

Okcoin, BTCchina and Huobi, all three Chinese exchanges had the highest trading volumes in 2016.China’s dominance might soon be put in check While China has always been a key contributor to the Bitcoin volumes, any activity in Yuan has proven positive for Bitcoin Volatility.This trend set in with Yuan’s devaluation in late 2015 and another rendition of the same in the middle 2016.litecoin gpu vs cpuThis devaluation has fuelled Bitcoin prices in 2016 significantly.coin hunter bitcoinBut in later part of 2016, China has announced Capital controls on Bitcoin, which would stop Yuan from being the major price driver for the cryptocurrency.Performance of High Volume currencies Bitcoin has always turned out to be the ‘safe haven’ where major investors take refuge in times of Geo political crisis.This has been evident in the way the currency behaved during the year, with most of these events being the price drivers.

This can be evidently noticed in the increase of volumes of the currencies pertaining to the Geography.With better volatility levels and volumes, Bitcoin has proved out to be a profitable portfolio diversifier.Returns on portfolios having Bitcoin as a component is 3% higher than Gold making it the ‘Digital Gold’.Yuan fueled the record setting Bull Run In the second half of the year, the intial dip in the volume and corresponding choppy prices are due to the announcement of capital controls over Bitcoin by China.But towards the end of the year, Chinese volumes were instrumental in pushing the prices to set a 3 year record high of $1000.GBP volumes had a major influence in the first half The GBP volumes in the first half of the year were very high owing to the looming fears of possible ‘Brexit’.The post ‘Brexit’ effects were visible with an evident boost in Bitcoin price and heavy trading volumes.There was a volume drop in commodities in LIFFE Exchange London, which was manifested in Bitcoin trading.

USD just rolled with the punches in 2016 USA saw heavy adoption of Bitcoin and Blockchain in 2016 with increasing number of merchants accepting Bitcoin.Though it didn’t have an influencing effect on the prices, volumes of BTCUSD remained fairly on the higher side and increased by a huge margin over last year.Eurozone was clearly in heavy apprehension The Eurozone was under a lot of pressure with a possible Greece Exit, fears of Brexit and Italian Bailout.Owing to these Geopolitical events, there was a heavy inflow of funds into Bitcoin markets from Eurozone commodities.Euro volume profile is similar to GBP but major volumes came in during periods of ‘Bailout’ and ‘Exit’ hearings.Top BTC/USD Exchanges performance BTC/USD showed a steady increase in volumes over all with a 86% increase in volumes over 2015.The increase in volumes can be attributed to heavy investments in Bitcoin and Blockchain based startups and the ensuing positive sentiment.Bitfinex,Bitstamp,Coinbase and BTC-e were top exchanges in terms of BTC/USD volumes.

Even though 2016 heavy activity on part of hackers and thefts, these exchanges were able to resecure the trust with their customer base by lucrative efforts.Bitfinex leads in volumes despite of the hacks The Hong Kong based exchange led the BTC/USD trading grounds with an annual volume of $ 3.62 Billion.The exchange reported theft of 120,000 BTC on 2nd August owing to a hack.They have promised to repay the customers by means of a token which can be redeemed after a particular period.The exchange has acted positively ever since and have begun the repayment starting September.Coinbase battles IRS to conceal users’ identities US Federal Court has ruled in the favor of Internal Revenue Service (IRS) authorizing serve a "John Doe" summons on Coinbase requesting the identities of United States Coinbase customers who transferred convertible virtual currency from 2013 to 2015.This has been a concerning ruling for Coinbase and they are trying to fight the summons out.Bitstamp rolled out lucrative updates BitstampbecamethefirstfullylicensedEuropeanexchangein 2016.

The exchange added BTC/EUR and EUR/USD trading pairs to the already existing BTC/USD option.They rolled out ios and android updated apps to accommodate these changes.In the start of the year, they have added Physical Gold delivery as withdrawal option of funds.BTC-e fortifies against hacking Increased hacking activity in 2016 has prompted many exchanges to tighten their security and BTC-e is no exception.BTC-e was attacked first in 2014 which was a distributed denial of service attack (DDOS) which caused intermittent issues.They have now gone for a highly secure password methodology which is believed to offer great deal of security.Performance across other metrics Bitcoin’s volatility has surely been reduced due to increased volumes that brought stability to the prices.The performance across various metrics like volatility and the bid-ask spread have improved owing to stable prices and better adoption.Let’s look into how major exchanges fared across these metrics.Coinbase has highest trade rate across exchanges San Francisco based Exchange and wallet company leads the trades per min metric with almost 12 transactions per minute.

This is largely owing to the fact that Coinbase also provides a wallet services that has many users across US.Following Coinbase in second spot is BTC-e with considerable volumes.Every Major exchange had their share of High Volatility Generally Volatility is related to lack of volumes and it has been evident in the case of four major exchanges.While Bitfinex and Bitstamp had good volumes and lower volatility, Coinbase and BTC-e competed in terms of high volatility.BTC-e has been highly volatile throughout the year, despite the high volumes towards the end of the year.BTC-e slowly gains trust and volumes towards year-end BTC-e has always offered variety in terms of currency trading options against Bitcoin.Towards the end of the year, Coinbase took a back step owing to the Federal Court Ruling which might have impacted the wallet transactions.This volume was apparently manifested in BTC-e transactions.Bitstamp had higher Bid - Ask Spread in 2016 With low volumes, BTC-e was expected to have the highest Bid-Ask spread, but Bitstamp turned out to be the exchange with highest Bid-Ask spread in 2016.

Low Bid-Ask spread indicates more likely chances of trades happening which has been evident in the case of Coinbase.The one instance where the Bid-Ask spread in Coinbase peaked would be due to the hack in August.Technical Analysis On a long term chart, the market has been trending bullish with higher highs and higher lows.The weekly Bollinger bands have disrupted showing that the market is in an overbought condition but still has potential.The bullish swing from $198 in September last year to swing high $785 in July 2016 sees correction that reaches to 38% Fibonacci retracement level.After forming a steady base there, the market went on to register a 3 year high.Following the same pattern, the 38% Fibonacci retracement level for this swing is at $792.The area between $800 - $900 is scantily traded with fewer volumes.Hence we can expect good consolidation in this region that might later result in continuation of the Bull Run Moving to the daily chart, we see that the recent swing high coincides with the 38% Fibonacci retracement level of the recent bullish swing, which is closer to the weekly support level.

If the market stays above this support level, the bull run would continue throughout 2017.Bitcoin Investment – GBTC vs Bitcoin IRA Bitcoin Investment – GBTC vs Bitcoin IRA The most important aspect of an ‘Individual Retirement Account’ is the existence of a noncorrelated asset as a portfolio diversifier.‘Bitcoin’ has been regarded as a suitable component for ‘IRA’ ever since the currency achieved suitable levels of adoption in 2013.Allotting Bitcoin to your ‘IRA’ can be done in two ways: Bitcoin Investment TrustBitcoin Individual Retirement Account Bitcoin Investment Trust ‘Bitcoin Investment Trust’, launched in 2013 by Barry Silbert, is an openended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin.It enables accredited investors, with annual incomes greater than $200,000 or assets of more than $1 million, to gain exposure to the price movement of bitcoin for a minimum investment of $25,000 without the challenges of buying and securely storing bitcoin.

Bitcoin Individual Retirement Account: Bitcoin IRA allows users of any scale to invest directly in Bitcoin and hence directly apes investments in real time Bitcoin markets.The customers hold the Bitcoin directly where Kingdom Trust acts as the custodian and BitGO secures the cryptocurrency.The firm uses Genesis Trading to purchase Bitcoin and has an annual contribution limit of $5000.GBTC vs Bitcoin IRA GBTC Bitcoin IRA Available only for accredited investors with annual income greater than $200,000 or assets of more than $1 million Available for any investor who wishes to transfer their Retirement funds to Bitcoin Minimum investment of $25000 Minimum investment of $15,000 Annual safe keeping and administrative fee of 2% (Very high) A one-time fee of 10% to 15% depending on invested amount.There are no other charges.Lesser profit margin as the buy in value represents only a tenth of the Bitcoin value Higher profit margin as the investors invest directly in Bitcoin Cannot withdraw funds before a period of one year as mandated by the buy in Can withdraw funds intermediately at the expense of tax benefits Investors don’t invest directly in Bitcoin but buy shares of the BIT whose value depends on Bitcoin Investors invest directly in the Bitcoin price making it easy for the transfer of funds Provides security against hacks, thefts and other exchange related calamities Since it is purely invested in Bitcoin market, any event effecting the market will have an effect on the IRA Half Yearly Comparison of GBTC and Bitcoin Prices: After a strong start, GBTC traded significantly below the opening price till the later part of 2015.

The bullishness set in in mid october and ended the year with increase of $23 per share.Significant volumes came only during these periods and GBTC was trending in channel.Bitcoin Traded at higher prices in comparison to GBTC with strong volumes across exchanges.The Bitcoin price increased by $180.Bitcoin market adhered perfectly the Fibonacci retracement levels.Return on investment per dollar was higher in direct investment in Bitcoin Markets.In the first half of 2016, GBTC followed the same trend as last half year and dipped below the Year’s opening price to pick up again in the later part of May.GBTC finished the first half of the year with an increase in $57 per share.The rise in prices was quick with lower volumes trading at every price.Even Bitcoin traded significantly at lower prices than the opening price this year in the first half.But the prices saw a good rise in May with 50% Fibonacci retracement level holding the prices strongly.Even during this half, Direct Bitcoin Investments win hands down with $240 increase in the price.The second half of 2016 turned out even worse for GBTC as the price per share continued to fall.

The 78% Fibonacci retracement level of the fall turned out to be a heavy resistance level.Towards the end of December, GBTC price per share dropped by $9 as compared to start of July.The story has been different from Bitcoin with the price rising steadily over the months as illustrated by the ‘Red Bullish Arc’.Eventhough GBTC has 0.1% of Bitcoin price as a component, it failed to ape the cryptocurrency in the last half of 2016.Bitcoin price increased by $220 in the latter half of 2016.A note from Edmund C. Moy 2016 was an extraordinary year for Bitcoin.A bitcoin was worth $454 on January 1, 2016.By December 31st, it was worth $965.Not many investments could claim an increase of +213% last year.Like most things, bitcoin appreciated mostly from increased demand and limited supply.Global citizens flocked to bitcoin as more governments' unsustainable taxing and spending habits resulted in negative interest rates, elimination of cash, rampant inflation, and capital controls.Bitcoin became a popular free market alternative to government’s monopoly on money.

There are approximately 16.4 million bitcoins in existence today and a total of 21 million that can ever be created.When increasing demand meets limited supply, prices usually go up.Many of the same factors that contributed to bitcoin’s 2016 rise exist at the start of 2017.The American economy is still fragile despite modestly improving but mixed data.The economies in much of Europe, South America, Africa, Russia, and regions of Asia continue to struggle.One new factor is Donald Trump’s election victory.One new factor in 2017 is the change in sentiment due to Donald Trump’s election.Initially, the markets went down almost 900 points after the election, but as investors warmed up to Trump’s pro-economic growth agenda, the markets have been hitting record highs ever since.But Trump has no economic policy track record, so expect continued volatility as he experiences the typical ups and downs getting his agenda accomplished in ever fickle Washington, DC.What does this mean for Bitcoin in 2017?