Category: Bitcoin
The analysis published under this category are as follows.Tuesday, December 30, 2014
The 5 Phases of Bitcoin Adoption / Currencies / Bitcoin
What will it take for Bitcoin to gain broad adoption and become the foundation of a new global financial system?
Worth Wray sat down with Barry Silbert, founder of the Bitcoin Investment Trust, to discuss. As one the most active venture capitalists in the industry (with investments in over 30 Bitcoin-related portfolio companies through the Bitcoin Opportunity Corp.), Barry has gone all-in on Bitcoin and Bitcoin-related businesses.
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Sunday, December 21, 2014
BItcoin and Altcoins in 2015 / Currencies / Bitcoin
One: Bitcoin has been stuck for a while in a sort of ‘deflationary spiral.’ This means that commercial adoption by companies like Microsoft and Time has kept Btc’s price DOWN: no one wants to sell at this price coin that they (a) paid more for, and (b) can clearly see will rise greatly in value.
The Mining Thing – whereby miners tend to sell now rather than later (to pay for electricity) – remains an aspect.
Saturday, December 20, 2014
Important Development for Bitcoin Traders / Commodities / Bitcoin
Briefly: short speculative positions, stop-loss at $332, take-profit at $275.
We read an interesting piece on Tech Crunch on how 2014 was difficult for Bitcoin:
Read full article... Read full article...Overall creation of bitcoin wallets is up, which is an indication of continued interest from potential buyers. Wallets are files that contain private keys used to unlock the bitcoins within the tool so that you can spend them. It's akin to a physical wallet that holds credit cards.
Friday, December 12, 2014
Bitcoins - Cryptocurrencies and a Wider Regression Theorem / Currencies / Bitcoin
Peter St. Onge writes: The debate whether or not cryptocurrencies are “money” has put a spotlight on the Menger-Mises Regression Theorem. As stated, the theorem posits that a non-fiat money must have had value before it became a money. Some have used currencies’ lack of antecedent value as knocking it off the money pedestal or as forcing cryptocurrencies to ignominiously piggyback on fiat currencies’ own regressions.
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Thursday, December 11, 2014
Bitcoin Might Not Be Money, but Cryptocurrencies are the Way of the Future / Currencies / Bitcoin
Kevin Dowd, a long-time friend and eminent free-banking authority, set his sights on Bitcoin in the book he published this summer: New Private Monies: A Bit Part Player?. His work delivers a refreshingly accurate and straightforward assessment of Bitcoin, ignoring the hype which surrounds it.
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Wednesday, December 03, 2014
Bitcoin Price Strong Move Around the Corner? / Currencies / Bitcoin
In short: no speculative positions.
Tim Draper, the venture capitalist who bought almost 30,000 bitcoins off the U.S. government during the auction of the coins seized from the black market Silk Road, has shared what made him believe in the cryptocurrency, we read on the Wall Street Journal website:
Read full article... Read full article...One event that inspired venture capitalist Tim Draper to amass a huge stash of bitcoin was the same one that turned other investors away.
Monday, December 01, 2014
Is Bitcoin the Future? / Currencies / Bitcoin
Bitcoin is a topic of discussion almost everywhere I go. My introduction to Bitcoin came when I was speaking at a gold conference in Palm Springs and three bright-eyed, bushy-tailed college students approached me with a video camera and asked for my thoughts on Bitcoin. Noting my confusion, they began to evangelistically espouse the virtues of Bitcoin and tell me how it would save us from the evils of the Federal Reserve. I kept from rolling my eyes (you do want to encourage passion in the young) and mentioned a meeting that I had to go to – at that very moment as it turned out.
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Saturday, November 22, 2014
Bitcoin Price Moving to Below $350? / Commodities / Bitcoin
In short: no speculative positions.
Mozilla has started accepting Bitcoin donations, we read on CoinDesk:
Read full article... Read full article...Mozilla, the open-source development community behind the popular Firefox web browser, is now accepting bitcoin donations.
The Mozilla Foundation, the non-profit entity that provides support for the community's broad open-source development, will be partnering with Coinbase to accept bitcoin contributions. The California-based bitcoin services provider announced the deal on its blog, where it reinforced that, per its policies toward charities, it will not charge fees for the donations it processes.
Tuesday, November 18, 2014
Bitcoin Price Did We Just See an Important Slump? / Currencies / Bitcoin
The Commodity Futures Trading Commission (CFTC) expressed an opinion it does have authority over Bitcoin, at least as far as investigating any possible price manipulation is concerned, we read on The Wall Street Journal website:
A commissioner at the Commodity Futures Trading Commission said Monday that the agency was authorized to intervene with enforcement actions against price manipulation in bitcoin markets.
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Friday, November 07, 2014
Bitcoin Price Volatility / Currencies / Bitcoin
In short: speculative short positions, stop-loss at $377, take-profit at $307.
Mark Wetjen, a member of the Commodity Futures Trading Commission (CFTC), wrote an opinion piece for The Wall Street Journal in which he highlighted the potential of Bitcoin:
Read full article... Read full article...With a market capitalization of around $4.4 billion, Bitcoin represents a tiny fraction of the U.S. financial system. But as Jerry Brito, director of the think tank Coin Center, said at our public meeting, Bitcoin has the potential to provide tremendous benefits to the under-banked and un-banked, particularly in emerging markets where traditional financial services often are not available. Bitcoin is likely to be an especially powerful resource for people who rely on mobile-payment systems on their smartphones.
Tuesday, November 04, 2014
Bitcoin Price Move to $300 Might Be Closer Than It Appears / Currencies / Bitcoin
Briefly: speculative short positions, stop-loss at $377, take-profit at $307.
The British government is looking to have a discussion with the Bitcoin community on how to deal with the cryptocurrency, we read on the Guardian website:
Read full article... Read full article...The Treasury will be looking at examples of regulation in other countries, but emphasises that the lead will come from responses to its own call for information. "Digital currencies and digital currency exchanges are currently unregulated in the UK," said a Treasury spokesman.
Friday, October 31, 2014
More Weakness in Bitcoin Price / Currencies / Bitcoin
To the point: speculative short positions, stop-loss at $377, take-profit at $307.
Jon Matonis, the executive director of the Bitcoin Foundation has resigned, we read on the NY Times website:
The Bitcoin Foundation announced on Thursday that Jon Matonis, one of the foundation's founding board members, was stepping down as its executive director, effective on Friday. Mr. Matonis will remain on the foundation's board until Dec. 31.
Read full article... Read full article...Mr. Matonis, who was named executive director in July 2013, will be succeeded by Patrick Murck, the foundation's general counsel.
Wednesday, October 29, 2014
Bitcoin Price Narrow Range, Might Not Be for Long / Currencies / Bitcoin
To the point: no speculative positions.
Bitcoin companies are already working on various issues regarding regulatory compliance. Arthur Levitt, a former SEC chairman, is now advising two Bitcoin-related companies, we read on the Wall Street Journal Website:
Read full article... Read full article...Arthur Levitt, the longest-serving chairman of the Securities and Exchange Commission, is joining the advisory boards of two bitcoin-focused companies.
Saturday, October 25, 2014
Bitcoin Price Decline Stopped, Possibly Temporarily / Currencies / Bitcoin
In short: no speculative positions.
CeX, a British second hand goods chain, is starting to accept Bitcoin, we read on CoinDesk:
Read full article... Read full article...Technology exchange and retailer CeX is set to become the first high street retailer in the United Kingdom to integrate bitcoin payments nationwide.
CeX will roll out bitcoin payments at 30 of its 266 UK stores beginning today. More stores will join the initial group in coming weeks as staff are trained, the firm told CoinDesk.
Wednesday, October 22, 2014
Bitcoin Stock Exchange Could Be "More Valuable than Alibaba" / Currencies / Bitcoin
David Zeiler writes: When Overstock.com Inc. (Nasdaq: OSTK) Chief Executive Officer Patrick Byrne launched a wiki page to explore the possibility of a Bitcoin stock exchange, it was hard to imagine the project getting past the idea stage.
But Patrick Byrne is a man on a mission.
Driven by a deep mistrust of Wall Street, Byrne has announced the creation of a division within his company charged with making this dream a reality.
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Tuesday, October 21, 2014
Bitcoin Price Goes Up and Down / Currencies / Bitcoin
In short: no speculative positions.
Coinbase’s co-founder Brian Armstrong has highlighted the difficulties in convincing the banks to work with Bitcoin businesses in a conversation with the Telegraph, we read on the paper’s website:
Originally launched in the US, it [Coinbase] recently announced that it had secured banking and regulatory approval to launch in Europe, opening its services up to 18 new markets. But the UK was not among them.
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Tuesday, October 21, 2014
Goodbye War On Drugs, Hello Libertarian Utopia. Bitcoin The Future of Money? / Currencies / Bitcoin
Now that bitcoin has subsided from speculative bubble to functioning currency (see the price chart below), it’s safe for non-speculators to explore the whole “cryptocurrency” thing. So…is bitcoin or one of its growing list of competitors a useful addition to the average person’s array of bank accounts and credit cards — or is it a replacement for most of those things? And how does one make this transition?
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Saturday, October 18, 2014
Bitcoin Price Fall to $350? / Currencies / Bitcoin
Briefly: no speculative positions.
Marc Andreessen, founder of Netscape and, currently, founder and partner at Andreessen Horowitz, a venture capital firm invested in Bitcoin startups, expressed his views on Bitcoin and Apple Pay, we read on CoinDesk:
Read full article... Read full article...Apple Pay is the next big thing that's "freaking out" financial services companies right now, but, in the long term, bitcoin will prove to be the real innovation, Marc Andreessen has said.
Wednesday, October 15, 2014
We Can Police the Dark Web / Bitcoin / Currencies / Bitcoin
Ben Lawsky, Superintendent of the New York State Department of Financial Services, spoke with Bloomberg TV's Trish Regan today on the future of Bitcoin and virtual currencies on the internet and the ability of law enforcement to police their use as they become more anonymous.
When asked whether the dark web can really be policed, Lawsky said: "Yeah, I think so...I think prosecutors will eventually bring the hammer down if these sites are being abused and people are dealing in illicit drugs, just like they would do if it was happening in the real world, not the virtual world."
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Friday, October 10, 2014
Bitcoin Price Bumpy Ride / Currencies / Bitcoin
The U.S. Commodity Futures Trading Commission (CFTC) is playing-catch up with Bitcoin. The CFTC held a meeting in Washington yesterday, to learn more about the cryptocurrency, we read on CoinDesk:
Panelists for the CFTC event included Coin Center executive director Jerry Brito; New York Law School professor Houman Shadab; BitPay chief compliance officer Tim Byun; and TeraExchange president and co-founder Leonard Nuara.
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