Category: Bitcoin
The analysis published under this category are as follows.
Saturday, August 09, 2014
Bitcoin Price at Beginning of a Move up? / Currencies / Bitcoin
By: Mike_McAra
In not too many words: we support long speculative positions in the market, stop-loss at $550, take-profit at $880.
Coinbase, a San Francisco based Bitcoin exchange, announced yesterday that the Wikipedia Foundation had received over $140,ooo in Bitcoin donations during the first week this option was available to donors:
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Wednesday, August 06, 2014
Bitcoin Price Strong Move Possible / Currencies / Bitcoin
By: Mike_McAra
In short: we still support long speculative positions, stop-loss at $550, take-profit at $880.
The Bitcoin market is changing every day. We’ve read an article on CoinDesk about yet another exchange expanding its services to offer Bitcoin derivatives. OKCoin, a Chinese exchange, made an announcement today on the subject:
Chinese exchange OKCoin announced today it will add futures trading to its platform, saying it is one of the first major exchanges in the world to offer users the chance to trade futures denominated in bitcoin.
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Saturday, August 02, 2014
Significant Day in the Bitcoin Market / Currencies / Bitcoin
By: Mike_McAra
In short: we still support long speculative positions, stop-loss at $550.
We read a piece on Businessweek on the Bitcoin Foundation’s recent foray into politics:
The Bitcoin Foundation’s executive director, Jon Matonis, travels the world to promote the virtual currency as a replacement for traditional money. Some of his members want him to focus on a less lofty goal: helping them make lots of old-fashioned cash.
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Tuesday, July 22, 2014
Bitcoin Price Medium-term Trend Being Tested / Commodities / Bitcoin
By: Mike_McAra
Briefly: we still support long speculative positions in the market, stop-loss at $550.
We read an interesting piece on Business Insider which brought up the ideas of Fred Wilson, founder of Union Square Ventures and a Bitcoin investor. Wilson earlier spoke for the NYC Foundation for Computer Science Education and expressed his views on Bitcoin:
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Friday, July 18, 2014
Bitcoin Price Medium-term Trend Being Tested / Currencies / Bitcoin
By: Mike_McAra
In short: we still support long speculative positions, stop-loss at $550.
Bitcoin is still perceived by financial professionals as a possible bubble, a poll by Bloomberg has shown:
Bitcoins, which lost 45 percent of their value after skyrocketing to more than $1,100 last year, are poised to tumble further, according to the latest Bloomberg Global Poll of financial professionals.
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Tuesday, July 15, 2014
Bitcoin Price Strong Move Possibly Ahead / Currencies / Bitcoin
By: Mike_McAra
In short: we still support speculative long positions in the market, stop-loss at $550.
Reid Hoffman, LinkedIn co-founder, expressed his views on Bitcoin in a CNBC interview:
Another one that I've been paying a lot of attention to in the last 6 to 12 months has been Bitcoin. I think it's an incredible system that's created a ledger that is across -- a distributed ledger across the whole world for it can be money but it can also be other things. I think there's a lot of different things happening.
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Saturday, July 12, 2014
Bitcoin Price Sign of Reversal? / Currencies / Bitcoin
By: Mike_McAra
In short: we still support long speculative positions in the market, stop-loss at $550.
The long-spoken-about Bitcoin ETF is slowly nearing SEC approval, Bloomberg reported:
It looks increasingly that the Winklevoss Bitcoin Trust (COIN) will actually launch.
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Tuesday, July 08, 2014
Bitcoin Price Move Down Possibly Dying Out / Currencies / Bitcoin
By: Mike_McAra
In not too many words: we still think long speculative positions might become profitable, stop-loss at $550.
Tim Draper, founder of the venture capital firm Draper Fisher Jurvetson, and at the same time the person who bought bitcoins seized from Silk Row, spoke to CNBC on Monday and offered his views on the cryptocurrency:
“The bitcoin world is this new ecosystem where it doesn't cost that much to start a new bitcoin company, it doesn't cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world,” Draper said (…).
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Friday, June 27, 2014
Bitcoin New Rally Might Be Close / Commodities / Bitcoin
By: Mike_McAra
Briefly: we don’t support any short-term positions in the market.
Mark Karpeles, CEO of the now defunct exchange Mt. Gox gave a first interview since the announcement of the bankruptcy of his company, the Wall Street Journal reported:
"As the company head, my mission was to protect customers and employees," Mr. Karpelès said in the interview, his first with media since a Feb. 28 news conference to announce the exchange's bankruptcy filing. "I'm deeply sorry. I'm frustrated with myself."
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Tuesday, June 24, 2014
Bitcoin Price at Crossroads / Currencies / Bitcoin
By: Mike_McAra
Briefly: we don’t support any short-term positions in the Bitcoin market now.
The law landscape is changing for Bitcoin with almost every week. Now, the authorities in California have passed a bill to address the unclear legal standing of the currency, Reuters reported:
California lawmakers on Monday approved a measure making it easier to use alternative currencies including Bitcoin, even as the failed Tokyo based bitcoin exchange, Mt Gox, moved forward into bankruptcy protection.
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Saturday, June 21, 2014
Bitcoin Price Wavering around $600 - Which Way Will It Go? / Currencies / Bitcoin
By: Mike_McAra
In short words: we don't support any short-term positions at this time.
The Bolivian government banned Bitcoin in May, CoindDesk announced yesterday:
Read full article... Read full article...El Banco Central de Bolivia, the central bank of the South American nation, has officially banned any currency or coins not issued or regulated by the government, including bitcoin and a list of other cryptocurrencies including namecoin, peercoin, Quark, primecoin and feathercoin.
Wednesday, June 18, 2014
The Book Of Satoshi: Bitcoin Has Changed Everything / Currencies / Bitcoin
By: Jeff_Berwick
BITCOIN HAS CHANGED EVERYTHING. Its importance as an evolution in money and banking cannot be overstated. Notice I don’t use the word “revolution” here because I consider Bitcoin to be a complete “evolution” from the anachronistic money and banking systems that humanity has been using—and been forced by government dictate to use—for at least the last hundred years.
Wednesday, June 18, 2014
Tense Days Ahead for Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
Briefly: we don't support any short-term positions in the Bitcoin market at this time.
Yesterday, we wrote about the worrying aspects of the fact that GHash.IO, a Bitcoin mining pool, had temporarily reached 51% of mining power, a phenomenon which could have potentially disastrous consequences, including the possibility to double-spend coins and reverse transactions.
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Friday, June 13, 2014
Bitcoin Price Depreciation or Reversal – Which Will Prevail? / Currencies / Bitcoin
By: Mike_McAra
In short: no positions are suggested for the short-term.
SwiftBoatVet, a Reddit user, posted a couple screens they got while filling out a survey for PayPal. It seems that the survey itself was revolving around Bitcoin, asking for direct comparisons of the two payment systems. While this fits in quite well with the comments made recently by eBay’s (owner of PayPal) CEO, John Donahoe, who expressed the opinion PayPal could integrate Bitcoin, the survey itself turned out to be somewhat unclear since it treated Bitcoin more as a PayPal clone than a currency or payment system.
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Tuesday, June 10, 2014
Bitcoin Price More Appreciation to Come but Not Just Now / Currencies / Bitcoin
By: Mike_McAra
In short: we don’t support any short-term positions in the Bitcoin market at the moment.
John Donahoe, eBay’s CEO, told CNBC PayPal was “going to have to integrate digital currencies.” He also expressed the view that digital currencies would “play an important role going forward."
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Saturday, June 07, 2014
Bitcoin Use - eBay, PayPal, Apple & Dish Approve Of Bitcoin. Is Google Next? / Currencies / Bitcoin
By: Jeff_Berwick
Justin O'Connell writes: Bitcoin has proven itself as an established payments system, with some of the world's most influential people commenting on its utility and innovation. Stephen Colbert called it "gold for nerds," and Joe Rogan has been fascinated by the technology, having Andreas Antonopoulos on as a guest to the Joe Rogan Experience twice now. Some political figures have expressed concerns over the currency's potential non-crime of "money laundering", but overall the sentiment has focused on the technology and its goundbreaking nature. And so its really no surprise that many companies have adopted bitcoin. Bitcoin has now surpassed Western Union in total transaction volume and looks set to pass Paypal this year.
Friday, June 06, 2014
Bitcoin Whales, The Mt. Gox Collapse: Good riddance! / Currencies / Bitcoin
By: Mark_Blair
Bitcoin (and Friends) Enter a New Phase (and Other Information):
These articles are from deep within the crypto-geek scene. We hope to establish prowess.
We see right now that a major shift is underway:
Wednesday, June 04, 2014
Bitcoin Price Reversal or No Reversal? / Currencies / Bitcoin
By: Mike_McAra
In short: we don't support any short-term positions now.
The big news of the day is the relatively small change in Apple policy which might, nonetheless, suggest that the company is changing its stance on virtual currencies, most notably on Bitcoin. The Guardian reported that Apple had changed its application review guidelines. The most interesting bit for Bitcoin enthusiasts is point 11.17 of the new rules:
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Friday, May 30, 2014
Crucial Days Ahead for Bitcoin / Commodities / Bitcoin
By: Mike_McAra
To the point: we don’t support any short-term position in the Bitcoin market.
Amazon has been granted a patent which mentions the possible use of Bitcoin by the company, CoinDesk reported yesterday. Bitcoin and other cryptocurrencies could be used by Amazon Web Services, Amazon’s cloud computing platform, to accept payments.
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Thursday, May 29, 2014
The 500 Cryptos That Aren't Bitcoin: Intro to Altcoins / Currencies / Bitcoin
By: Submissions
Mark Blair writes:
for those outside the crypto sphere, cryptos are pretty much just Bitcoin. However, I offer here a tour of the 'altcoin' universe: Bitcoin is by no means a done deal, readers, as any altcoiner knows.
For example, a year ago, Bitcoin held 95%-plus of the total market cap of all cryptos. There are over 500 cryptographic currencies at present, though at least 300 are rubbish, and will die. See com-http.us for the best list I know of.