Category: Bitcoin
The analysis published under this category are as follows.
Friday, January 03, 2014
Singapore Local Perceptions on Bitcoin's Future / Currencies / Bitcoin
By: Keith_Hilden
I have just returned from a very enjoyable trip to Singapore, in which our goal was to determine the sentiments and level of knowledge people had about Bitcoin in order to better determine Bitcoin's future in Singapore. That journey took me to the pulsating central business district of a vibrant Singapore, traditional neighborhoods completely recast in the face of new immigration and rigorous central planning, and the newcomer immigrants and permanent residents where languages like Thai and Japanese punctuate the linguistic air of Singapore accentuated English. What we found out about Bitcoin sharply contrasted with that of what we learned about Bitcoin in Taiwan.
Monday, December 30, 2013
Bitcoin Volatile Elephant in the Room Takes on Gold, Pros vs Cons / Commodities / Bitcoin
By: John_Browne
Ever since President Nixon broke the US dollar's last link to gold, the world has been set adrift on a sea of fiat currencies that have been increasingly debased, serving the interests of governments and financial elites. For the last five years, central banks have imposed near-zero rates of interest that have helped push up stock, bond, and real estate prices, but have made it nearly impossible for savers to receive meaningful returns on bank deposits.
Friday, December 27, 2013
A Trip Down a Bitcoin Mega Mine in Iceland / Currencies / Bitcoin
By: Lewrockwell
Tyler Durden writes: Once upon a time, money – in the form of precious metals – used to be literally dug out of the earth. Limitations on the amount that could be mined, and on how much growth could be borrowed from the future (all debt is, is future consumption denied), is why eventually the world’s central bankers moved from money backed by precious metals, to “money” backed by “faith and credit”, in the process diluting both. It was the unprecedented explosion in credit money creation that resulted once money could be “printed” out of thin air that nearly destroyed the western financial system. Which brings us to Bitcoin, where currency “mining” takes place not in the earth’s crust, or in the basement of the Federal Reserve, but inside supercomputers.
Friday, December 20, 2013
Bitcoin - High Tech Fiat Alchemy / Currencies / Bitcoin
By: Dr_Jeff_Lewis
The curious case of Bitcoin and the associated rise of electronic currency has rekindled money and wealth discussions. It has also given rise to the re-birth to a libertarian cyberpunk ideology. In some ways, the response is a natural reflection of the devaluing of paper promises. In others ways, electronic cryto-currency is perfectly positioned to launch into physical metals. In fact, early correlation has been established, despite the overall tight control of the precious metals markets.
Friday, December 20, 2013
Bitcoin's Five Big Advantages Over Gold / Commodities / Bitcoin
By: Money_Morning
Michael A. Robinson writes: I strongly believe that everyone should own some physical gold. It's been the store of value, and the preferred method of asset protection for more than 5,000 years. It's irreplaceable.
But I also believe that every investor ought to own at least some of the new digital money known as bitcoin.
You see, most of the people buying bitcoin are interested in the explosive growth potential the new "currency" offers, as more and more retailers, CEOs, and governments embrace it.
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Wednesday, December 18, 2013
U.S. Dollar’s Demise and the Rise of Bitcoin / Currencies / Bitcoin
By: Clif_Droke
One of the questions investors have been asking lately concerns the outlook for the U.S. dollar index. Investors are understandably concerned by the dollar’s weakness and worry that perhaps that any notable increase in inflation could lead to further erosion in the dollar’s value.Read full article... Read full article...
Wednesday, December 18, 2013
The Biggest Bitcoin Myths Debunked / Currencies / Bitcoin
By: Money_Morning
David Zeiler writes: Bitcoin has been in the news a lot lately, but few people - even those talking about it in the media - really have a solid grasp on this groundbreaking digital currency.
What most people do know about Bitcoin is its meteoric rise in value over the past couple of months. The price of Bitcoins trading on the Mt. Gox exchange rose from less than $100 at the end of July to more than $1,200 at the end of November.
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Thursday, December 12, 2013
Bitcoin’s Evolution Will be SWIFT / Currencies / Bitcoin
By: Jeff_Berwick
Chris Horlacher writes: A lot of attention has been paid to bitcoin in the last couple of weeks. As Chinese buyers piled in to the market, a gathering of bureaucrats in the United States gave their blessing to the nascent currency. The price movements in bitcoin have been jaw-dropping, to say the least. The naysayers, looking for any reason to belittle this digital innovation, leaped on a Bank of China announcement that prohibited Chinese banks from dealing with the currency. To those that have been paying attention, China has had a ban on virtual currencies since June of 2009 so this comes as no surprise. Other investors and speculators are painting pictures of tulip bulbs for us in the mainstream news, but even the Dutch didn’t see action this intense. Like Rocky Balboa, this new invention refuses to stay down.
Wednesday, December 11, 2013
Bitcoins vs. Greenbacks and/or Gold and Silver / Currencies / Bitcoin
By: Gary_North
There are conflicting stories among Bitcoins’ supporters about why a Japanese programmer or team of Japanese programmers, who are known by a pseudonym Satoshi Nakamoto, developed the original idea for the Bitcoins software.
The primary justification for Bitcoins among libertarians is the prediction that Bitcoins will become an alternative currency to all existing central bank currencies. Bitcoins are seen as a first-stage revolt against central bank money.
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Monday, December 09, 2013
Bitcoin and Quantitative Easing / Currencies / Bitcoin
By: Submissions
Brett Chatz writes: The spectacular rise in popularity of bitcoin has caused many influential people to stand up and take notice. Are alternative currencies the way of the future?
Saturday, December 07, 2013
Bitcoin Price Crash Towards Zero? The Ponzi Scheme Bubble Plays Out as Designed / Currencies / Bitcoin
By: Nadeem_Walayat
The Bitcoin price last traded at USD 790 (this morning) which represents a 37% price crash against its trading high of 1242, vaporising the wild dreams of just a few days ago where some reported that the virtual money could be destined to go as high as 1 million! Whilst never realising the difference between what is virtual and what is real, instead in large part bitcoin pumper's remain in denial as many have been seduced by the golden coin image to imagine that bitcoins and gold are the same or similar when the reality is the exact opposite. Bitcoins is fairy dust, it is perceived as being very valuable but a small gust of reality is enough to make it disappear.
Friday, December 06, 2013
Profit from The Bitcoin Tulipmania & The Gold Cartel / Currencies / Bitcoin
By: DeepCaster_LLC
“Tulipmania was the first major financial bubble. Investors began to madly purchase tulips, pushing their prices up to unprecedented highs; the average price of a single flower bulb exceeded ten times the annual income of a skilled craftsman. Tulips sold for over 4000 florins, the currency of the Netherlands at the time. As prices drastically collapsed over the course of a week, many tulip holders instantly went bankrupt.” investopedia.com
It is no secret that an investment in Bitcoins – the Digital Non-National Currency – has generated Phenomenal Profits recently. Profits, that is, for those who bought early and chose to sell before the recent Chinese “Bitcoin Veto” Announcement.
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Thursday, December 05, 2013
Gold 2.0 NOT Tulip Mania: How Big Is The Cryptocurrency Opportunity? / Currencies / Bitcoin
By: DK_Matai
Make no mistake, the Bitcoin opportunity is creating a fast evolving trillion dollar new market in cryptocurrency eCommerce and more importantly mCommerce or mobile-Commerce. The future of cryptocurrencies is being secured right now with the launch of many new apps to enable digital cash, electronic payments and secure eWallets using cryptocurrencies via smart phones and other digital devices such as secure pens, sophisticated crypto-watches and customised memory sticks. Cryptocurrency adoption is growing very fast, in a similar exponential curve to the adoption of the world wide web in the years following 1995 or even the spread of electric power exactly a hundred years before that.
Thursday, December 05, 2013
Bitcoin Mania Bubble Bursts, China Triggers Price Crash Start, Technical Forecast / Currencies / Bitcoin
By: Nadeem_Walayat
The bitcoin bubble appears to have burst as a stepped series of price crashes are underway with the price currently standing at 1074 down form 1240 barely a day earlier. A clue to its future direction can be discerned from the unfolding technical price patterns, that just as I wrote wrote in the run up to the peak of the Bitcoin bubble with the price converging on USD 1250 that the market was primed to crash and all it was waiting for was any even marginally negative news to act as trigger for increasing waves of market panics as GREED amongst the bitcoin mania hoarders turns into fear of loss of paper profits.
Thursday, December 05, 2013
Greenspan - I Guess Bitcoin Is A Bubble / Currencies / Bitcoin
By: Bloomberg
Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television's Trish Regan and Adam Johnson on "Street Smart" today that "I guess" Bitcoin is a bubble. He said, "the question is I do not understand where the backing of Bitcoin is coming from... Individuals with very high net worth and who have great reputations could create their own currency because people would be willing to exchange their checks with others probably at par. That is not the case with Bitcoin."
Thursday, December 05, 2013
Eschewing Traditional Fundamentals to Understand the Bitcon, Cryptocoin Market / Currencies / Bitcoin
By: Keith_Hilden
As Bitcoin and other cryptocoins are gaining interest with Wall Street firms and tech aficionados alike as an asset class and/or emerging currency to get exposure to, there is a need to understand these cryptocurrency markets. However, we are quickly learning as a group that cryptocurrencies are not understood in the same way as traditional asset classes. We are dealing with new market dynamics, and as such we need to adopt new thinking in order to understand the fundamentals and the drivers influencing price and direction in the Bitcoin and other cryptocurrency markets.
Saturday, November 30, 2013
Is Bitcoin a Ponzi Scheme? / Stock-Markets / Bitcoin
By: Gary_North
I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)
To explain my position, I must do two things. First, I will describe the economics of every Ponzi scheme. Second, I will explain the Austrian school of economics’ theory of the origin of money. My analysis is strictly economic. As far as I know, it is a legal scheme — and should be.
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Saturday, November 30, 2013
Are Bitcoin's Better Than Gold? Crypto-Future of Trillion Dollar Digital Trading & Exchange? / Currencies / Bitcoin
By: DK_Matai
The price of one Bitcoin -- a mathematically designed digital crypto-currency -- is now within a stone's throw of the price of a troy ounce of gold at more than USD 1,200 per unit. That marks a gain of over 5,000% from the USD 20 level at which Bitcoin was trading at the start of this year. At that time, not many businesses accepted the digital coins as actual currency. Since then, the currency has seen a boom that rivals the dotcom bubble of the 1990s.
Friday, November 29, 2013
Bitcoin Anonymously Genius / Currencies / Bitcoin
By: Pravda
Young digital currency Bitcoin has been gaining popularity rapidly. It is believed that it may even make the US dollar move over as time goes by. However, there is one embarrassing detail: the currency circulates on condition of anonymity, which means that it can be used for criminal purposes. Bitcoin is used in transaction of drug traffickers, casino owners and killers.
Thursday, November 28, 2013
Bitcoins Tulip Mania i-Bubble Claims First Victim / Currencies / Bitcoin
By: Nadeem_Walayat
UK broadcast media has been full of the story of how a bitcoin miner threw away his hard drive that reportedly contained 7,500 bitcoins that at today's market price would be worth £4.5 million.
The bitcoin miner, James Howells, was shown at the rubbish tip where his hard drive lies buried under tens of metres of compacted refuse, as James ponders that even if he could find the hard drive, would it have survived several months under a wet rotting mountain of waste.
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