Category: Bitcoin
The analysis published under this category are as follows.
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.
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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