Category: Bitcoin
The analysis published under this category are as follows.Friday, June 27, 2014
Bitcoin New Rally Might Be Close / Commodities / Bitcoin
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
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
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
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.
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Wednesday, June 18, 2014
Tense Days Ahead for Bitcoin Price / Currencies / Bitcoin
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
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
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
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.
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Friday, June 06, 2014
Bitcoin Whales, The Mt. Gox Collapse: Good riddance! / Currencies / Bitcoin
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
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
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
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.
Wednesday, May 28, 2014
Bitcoin at Major Crossroads / Currencies / Bitcoin
Very briefly: we don’t support any short-term positions in the Bitcoin market now.
Today, we read an interesting piece on CoinDesk on the potential of Bitcoin derivatives. The article discusses why derivatives might be needed for the Bitcoin market and how liquid derivatives markets might emerge for the cryptocurrency.
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Tuesday, May 27, 2014
This Chart Proves the Bitcoin Market Is Maturing / Currencies / Bitcoin
David Zeiler writes: One of the biggest knocks on the Bitcoin market has been the volatility of the price of Bitcoin, and looking at the price charts over the past six months, it's easy to see why.
But as crazy as the Bitcoin market has been - just take a look at the timeline - the lack of any major news over the past few weeks has had a distinct calming effect on the digital currency.
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Monday, May 26, 2014
No Stop for Bitcoin Price before $600? / Currencies / Bitcoin
In short: we don’t support any short-term positions in the Bitcoin market.
We frequently repeat that it is hard to exactly pinpoint what’s behind a given price move. While some reasons given by the media might have merit, in most of the cases claiming that “Bitcoin moved because X” (plug whatever you want for X) might not be warranted. This is probably done for the sake of a “good story” but does not have to have much to do with actual reasons for the price fluctuations.
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Saturday, May 24, 2014
Two Scenarios for Bitcoin / Currencies / Bitcoin
Cutting right to the chase: we don't support any short-term positions in the Bitcoin market at the moment.
Forbes' Kashmir Hill posted an article yesterday in which she discusses the possibility of sending bitcoins to people living in emerging markets:
Read full article... Read full article...Earlier this week, many in the Bitcoin community got very excited about a short film that demonstrates a promising use for Bitcoin. Ronah, a Ugandan woman who emigrated to Brookline, Massachusetts in 2011, regularly sends tuition money to her 20-year-old brother, Ronald, who is studying accounting and finance in Kampala. (...)
Friday, May 16, 2014
Bitcoin Possible False Calm / Currencies / Bitcoin
In short: we still support short speculative positions in the Bitcoin market, stop-loss $470.
At least 10 members of the Bitcoin Foundation have left in the wake of the election of Brock Pierce as a new director, Reuters reported. We can read:
Some of the members cited Pierce’s troubled past. That includes allegations in lawsuits from three employees of Pierce’s first company, bankrupt web video business Digital Entertainment Network, that he provided drugs and pressured them for sex when they were minors.
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Tuesday, May 13, 2014
Bitcoin - Time to Back Out? / Currencies / Bitcoin
In short: we still support having short speculative in the Bitcoin market, stop-loss at $470.
MasterCard is lobbying on Bitcoin, The Hill reported. The credit card company is thought to be one of the businesses that might potentially lose most if Bitcoin was to become a reliable and widely-acceptable payment network. The article:
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Monday, May 12, 2014
Squawk Showdown: Bitcoin or Gold? What’s Next for Currency / Currencies / Bitcoin
Georgi Ivanov writes: Our recent Squawk Walk on the streets of Taipei surveyed people at random what they would decide, given a choice to walk away with a gram of gold or a USB stick, loaded with one bitcoin. The responses varied, but with a slight margin, bitcoin won the competition. We have to ask – are virtual currencies on the path to revolutionizing the global financial system, or are they just a lot of hot air? The truth would have to be somewhere in the middle: changes are coming, but they will not be revolutionary, yet, cryptocurrencies do offer a new opportunity for the unprecedented democratization of global finance.
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Friday, May 09, 2014
Bitcoin Price Up Move Might Be Less Bullish Than You Think / Currencies / Bitcoin
To the point: we still support short speculative positions in the Bitcoin market, stop-loss at $470.
Bitcoin is sometimes viewed as a highly disruptive innovation with the potential to change the payment system. While it surely provides a lot of opportunities, it doesn’t necessarily mean that it will cut the banks out of the system. Bloomberg posted a piece yesterday in which it argues that the very banks that would feel any kind of threat from Bitcoin are currently studying the innovative nature of Bitcoin to possibly come up with their own kinds of seamless payment systems:
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