Category: Bitcoin
The analysis published under this category are as follows.
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.
Read full article... Read full article...
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.
Read full article... Read full article...
Tuesday, November 26, 2013
Is Bitcoin, the Digital “Gold Bullion” Worth the Risk? / Currencies / Bitcoin
By: InvestmentContrarian
Sasha Cekerevac writes: There has been a lot of coverage over the phenomenon that is Bitcoin.
I’m sure many of you are asking yourselves, is this online currency for real? What does it really say about our financial system?
Read full article... Read full article...
Monday, April 29, 2013
Bitcoin Hyperinflation?, An Interview with Jesus / Currencies / Bitcoin
By: Mike_Shedlock
Of all the topics that readers have pleaded me to write about for months but I never did until now, "bitcoins" are at the top of the list.
In private emails, I stated on many occasions "bitcoins are a scam". I now take that back, "scam" is not the correct word. Others whose opinions I highly respect, state the same thing.
Read full article... Read full article...
Thursday, April 18, 2013
The Bitcoin Money Myth / Currencies / Bitcoin
By: Frank_Shostak
Many economists and financial commentators believe that in the unregulated market of the internet economy, new forms of money can be created that bypass central-bank and government supervision. The latest development is the emergence of a new electronic means of exchange, Bitcoin (BTC). Bitcoin was launched on January 3 2009 by its inventor, a programmer called Satoshi Nakamote.
Thursday, April 04, 2013
Is Bitcoin New World Order Plot For A World Currency? / Currencies / Bitcoin
By: Jeff_Berwick
Justin O’Connell writes: As a general rule, if anything is covered en masse by the mainstream media, then I tend to believe that which I am watching is actually one long promotional spot.
The same could potentially be said for Bitcoin as over the past months its popularity has grown so much that “anarcho-capitalist...Libertarian...Freedom Fighter against mankind’s two biggest enemies, the State and Central Banks,” Dollar Vigilante Chief Editor, Jeff Berwick, has been on CNBC, CNN, Fox News, and BBC, and other mainstream outlets.
Read full article... Read full article...
Thursday, April 04, 2013
The Money-ness of Bitcoins / Currencies / Bitcoin
By: Nikolay_Gertchev
Bitcoins have been much in the news lately. Against the background of renewed concerns about the integrity of the euro zone and the imposition of capital controls in Cyprus, the price of a bitcoin has tripled over the last month and reached more than $141 for 1 BTC. Are we witnessing the spontaneous emergence of an alternative virtual medium of exchange, as some would put it? This article offers an answer to this question by considering three aspects of the economy of bitcoins: their production process, their demand factors, and their capacity to compete with physical media of exchange.
Friday, March 29, 2013
Bitcoin: The Digital Kill Switch / Currencies / Bitcoin
By: Shelby_H_Moore
Bitcoin is the first peer-to-peer (P2P) digital currency and payment
system to gain significant interest. This month its marketcap surpassed $1
billion.
P2P currencies promise some differences from credit cards, such as increased privacy, no control by authorities, instant signup, lower fees for the merchant, and no chargebacks (buyer at the mercy of the merchant to issue refund if dispute).
Read full article... Read full article...