• So-called nocoiners could pose a real threat to cryptocurrencies; who are they and why do they matter?
  • Stricter cryptocurrency regulations in India could encourage inhabitants to buy Bitcoins overseas
  • Australian juice company to give Bitcoins to those who buy its products

The new trading week has just kicked off hence it’s worth taking a closer look at a weekly Bitcoin chart as it appears to bode well for buyers in the nearest future. Before we move to a technical analysis let us explain who is a nocoiner and why they could pose a real threat to the Bitcoin price. According to Urban Dictionary nocoiners are “people who missed their opportunity to buy Bitcoin at a low price … and who are now bitter at having missed out. The nocoiner takes out his or her bitterness on Bitcoin holders, by constantly claiming that Bitcoin will crash, is a scam, is a bubble […]”. Although nocoiners differ among themselves when it comes to an attitude to Bitcoin, there is a subset of them expressing clear doubts with regard to the cryptocurrency or members who even mock Bitcoin holders placing themselves among doom-sayers. Where is a real threat to Bitcoin? So, should those kind of people outnumber Bitcoin supporters, it could lead to more gloomy news in media outlets weighing on the digital currency price at the same time.

link do file download linkA weekly time frame of Bitcoin offers quite the promising outlook for buyers going forward. The price drew a clearly bullish candlestick last week which along with the two previous candlesticks creates a morning start pattern – it tends to provide a boost to prices. If so, increases toward $12550 and $14200 thereafter should be surely taken into account. Source: xStation5

Indians could turn toward overseas Bitcoin purchases due to strict regulations

We have written about more stricter regulations imposed by the Indian watchdog lately which seem to already ’bear fruit’. Namely, along with getting stricter cryptocurrency regulations in India, there is a nascent trend among everybody being interested in acquiring virtual currencies as they look to overseas purchases. There are some talks that Indians mean to purchase cryptocurrencies from abroad via their relatives or friends who have their overseas crypto accounts.

Do you want to get some Bitcoins? Just travel to Australia and buy juice

All you have to do to be offered four Bitcoins is to travel to Australia and buy some juice from the Australian juice company Boost. The firm is giving away four Bitcoins – one a week – to those who decide to buy their juice and enter a code in the Boost app (when all codes are collected, the company will draw a winning code). Boost Juice is an Australian smoothie and juice chain trying to go global and possibly for that reason they’ve chosen to introduce the Bitcoin-based campaign. At last, it needs to add that the company is also teaming up with Coinjar, an Australian cryptocurrency exchange which allows users to trade Bitcoin, Ethereum, Ripple and Litecoin.