Category: Bitcoin
The analysis published under this category are as follows.
Wednesday, October 22, 2014
Bitcoin Stock Exchange Could Be "More Valuable than Alibaba" / Currencies / Bitcoin
By: Money_Morning
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
By: Mike_McAra
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
By: John_Rubino
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?
Saturday, October 18, 2014
Bitcoin Price Fall to $350? / Currencies / Bitcoin
By: Mike_McAra
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
By: Bloomberg
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
By: Mike_McAra
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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Tuesday, October 07, 2014
Bitcoin Price Short-term Bottom Not Far Away? / Currencies / Bitcoin
By: Mike_McAra
In not too many words: no speculative positions.
"Buy when there's blood in the streets," or so the saying goes. And we're starting to catch first whiffs of "blood," if not streaks of it in the media coverage. There's been a marked increase in articles that focus on "Bitcoin going under $300" or ones exploring the idea that it might be all over for the currency. We read on Quartz:
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Tuesday, October 07, 2014
Bitcoin Price Swoon Illustrates Volatile, Illiquid Nature of Trading Market / Currencies / Bitcoin
By: Submissions
Steven Lord writes: The recent drop in the price of bitcoin has remindedkeepcalm many industry participants, particularly those that arrived within the last year, of the inherent volatility associated with new, immature and illiquid markets. While a clutch of bitcoin skeptics, including such luminaries as economist Paul Krugman, have touted bitcoin’s drop from the $600 range on August 1st to intra-day lows near $280 on October 6th as proof of some sort of inherent flaw, the truth is that such volatility is neither new for bitcoin nor terribly germane to its continued adoption.
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Monday, October 06, 2014
Bitcoin Ebola GFC ISIS: Phase Two is Begun / Currencies / Bitcoin
By: Mark_Blair
The cryptographic-currency phenomenon is characterised by a binary that is little mentioned beyond the crypto-sphere. The binary is 'libertarian-commercial.'Thesis:
if, as seems increasingly likely, the world economy becomes significantly destabilised, the balance between libertarian and commercial crypto-use will shift significantly towards the libertarian.
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Saturday, September 27, 2014
Bitcoin's Present Low Price? It's The Mining Thing / Currencies / Bitcoin
By: Mark_Blair
Forgive any repitition, readers. The situation has become much clearer.Brief background:
The China Thing ended on April 10 ($380). Bitcoin lifted by about 65% over the following weeks. Then it dropped a little. Then more. Then, a fortnight ago, it slipped back to $380, and has been puddling about at just over $400.
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Friday, September 19, 2014
Bitcoin Price Charts In-Depth Analysis / Currencies / Bitcoin
By: Steve_H_Hanke
Bitcoin, the new digital currency, remains a mystery to many. There is no better way to lift the fog surrounding bitcoin than to let the data speak. And data speaks loudest through charts. Yes, topological analysis is often the best route to comprehension.
I have constructed -- with my assistant, Mazin Al-Rayes -- a series of charts that contain illuminating data about bitcoins and brief directions for use following each chart.
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Monday, September 08, 2014
Renegade Currency - Bitcoin Stock System to "Wipe Out" Wall Street / Companies / Bitcoin
By: Money_Morning
David Zeiler writes: Could a Bitcoin stock trading system be the cure for the many transgressions of Wall Street?
Overstock.com (Nasdaq: OSTK) CEO Patrick Byrne thinks so.
Last month he created a wiki page on the Internet to solicit help in creating a decentralized, purely digital stock trading system that would use Bitcoin's blockchain - the mechanism that records and verifies all the transactions - as its foundation.
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Sunday, September 07, 2014
So, What's up with Bitcoin's Price? / Currencies / Bitcoin
By: Submissions
Mark Blair writes: Short answer: too little data to know -- but this article will give you some food for thought.
# The five months of The China Thing ended on April 10. Merchant adoption etc. progressed solidly during that time. A year ago, adoption was going business by business. Five months ago, it was going company by company. At this point, it is going nation by nation.
Saturday, September 06, 2014
Bitcoin Price More Weakness Than You Might Think / Currencies / Bitcoin
By: Mike_McAra
In short: we don’t support any speculative positions in the market.
Charlie Shrem, the founder of BitInstant, a New York based Bitcoin exchange, has pleaded guilty to aiding an unlicensed money-transmitting operation, we read on the Reuters website:
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said.
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Friday, September 05, 2014
Blockchain Promises To Be As Disruptive A Technology As The Internet / Currencies / Bitcoin
By: GoldCore
Every once in a while a new idea blasts onto the scene out of nowhere -- typically it is at first met with suspicion and distrust. If it has merit, it can start to become disruptive and awkward for incumbents, let's call them the “Safe Guys”. Safety and security are heralded as reasons why the new idea should be ignored.
New ideas only really take off when someone somewhere, lets call him the “New Guy”, figures out how to monetise the hell out of the idea -- then New Guy types start to get wealthy. Then and only then do Safe Guys start to take notice and that brings a whole new level of scrutiny.
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Tuesday, September 02, 2014
Bitcoin Price Might Move Shortly / Currencies / Bitcoin
By: Mike_McAra
Briefly: we don’t support any short-term positions in the Bitcoin market.
An increasing number of Canadian employees are choosing to get paid in Bitcoin, an article on CTV News reported:
A small but growing -- and surprising -- number of workers are rejecting Canadian dollar salaries for Bitcoin, according to a Waterloo, Ont., payroll firm.
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Friday, August 29, 2014
Bitcoin Price $500 as Current Downside Barrier / Currencies / Bitcoin
By: Mike_McAra
Briefly: we support long speculative positions in Bitcoin, stop-loss at $440, take-profit at $620.
Simon Fraser University has become the first such Canadian tertiary education institution to accept donations in Bitcoin, the university reported:
Simon Fraser University is the first Canadian post-secondary school to accept donations in Bitcoin, a digital currency that can be exchanged electronically.
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Tuesday, August 26, 2014
Bitcoin Market Provides Clues for Investors / Currencies / Bitcoin
By: Mike_McAra
Briefly: we support long speculative positions in the Bitcoin market, stop-loss at $440, take-profit at $620.
The Chamber of Digital Commerce (CDC), an initiative to promote digital currencies, has moved to form a political action committee to support Bitcoin, the Hill reported:
The Chamber of Digital Commerce, a month-old trade group for digital currencies and assets like bitcoin, registered a political spending group with the Federal Election Commission this month, according to recently disclosed documents.
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Saturday, August 23, 2014
Bitcoin Price Continuation of a Move up / Currencies / Bitcoin
By: Mike_McAra
Cutting right to the chase: we support long speculative positions, stop-loss at $440, take-profit at $620.
A recent report by Wedbush Securities considers the effects volatility might have on the Bitcoin market:
Read full article... Read full article...We see investing and trading bitcoin as one of the first major applications of crypto currency and believe increased investment and trading activity is helping create the payment network infrastructure and monetary base that will facilitate increased economic activity in the future.
Tuesday, August 19, 2014
Bitcoin Price On The Brink of a Possible Reversal / Currencies / Bitcoin
By: Mike_McAra
Briefly: we don't support any short-term position in the Bitcoin market at the moment.
Yesterday, Bitcoin crashed temporarily on BTC-e. We described this in our last alert:
Read full article... Read full article...(...) earlier today we saw a massive sell-off which brought the price of Bitcoin down from around $460 to $309 (!) in a matter of minutes. The currency erased most of the losses in the subsequent quarter of an hour and has stabilized around $440 since then.