Category: Bitcoin
The analysis published under this category are as follows.
Friday, March 14, 2014
Bitcoin Trading Maybe Flat but Not Flatlined for Good / Currencies / Bitcoin
By: Mike_McAra
To the point: we don’t support having any short-term positions in the market now.
We wrote yesterday that Bitcoin’s future holds promise and that the system has the potential to revolutionize payments. In an article from its print edition, the Economist also comes to the conclusion that the characteristics of Bitcoin may as well outweigh the recent disastrous shutdown of Mt. Gox over the long term. What is more, the applications of Bitcoin or its underlying general ledger (blockchain) system might not be restricted to money transfers:
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Saturday, March 08, 2014
Alleged Bitcoin Creator Denies Any Involvement / Currencies / Bitcoin
By: Mike_McAra
To the point: we don't support having any short-term positions in the Bitcoin market.
The media frenzy surrounding the supposed discovery of the Bitcoin creator continues. Dorian Satoshi Nakamoto, the man Newsweek claims to be the creator of the currency, denied having any involvement with Bitcoin and claimed he hadn't heard of Bitcoin until recently.
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Friday, March 07, 2014
If Bitcoin Were Regulated and Mt. Gox Were A Bank / Politics / Bitcoin
By: Jeff_Berwick
Justin O'Connell writes: "Thus, the libertarian-minded bitcoin investors are forcefully recognizing what happens in crisis when a currency regime has no central bank as a backstop....Think of how much carnage occurred in 2008, did you lose any of your deposits? I would think bitcoin holders on mtgox are wishing the FDIC would step in and guarantee their funds." - Ben Rand
Friday, March 07, 2014
Why Bitcoin Prices Are Rising Again / Currencies / Bitcoin
By: Money_Morning
The mainstream media has put out a lot of stories detailing the demise of the Mt. Gox exchange, but they haven't had nearly as much to say about why Bitcoin prices are rising again.
Maybe that's because so many of them are rooting for Bitcoin to fail, especially if they're on record having written off the digital currency as a bubble. But reality keeps interrupting that narrative - and rather rudely.
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Friday, March 07, 2014
Bitcoin Creator Satoshi Nakamoto Found - Worked on Secret Government Projects / Currencies / Bitcoin
By: LewRockwell
Russia Today writes: A reporter for Newsweek says she’s unmasked the mysterious Japanese-American man responsible for inventing Bitcoin, the world’s most widely used digital cryptocurrency.
In an article published on the magazine’s website Thursday morning, Leah McGrath Goodman recalled the events of a two-month investigation she undertook recently in an attempt to unearth facts about Satoshi Nakamoto, the man who invented Bitcoin in 2008 but has avoided the media entirely ever since.
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Sunday, March 02, 2014
Bitcoin the Perfect Scam, Price Does Not Reflect True Dangers of Holding Bitcoins / Currencies / Bitcoin
By: Nadeem_Walayat
The Bitcoin USD price has recovered strongly by more than doubling from the crash low of $240 of 16th February in the wake of the collapse of the worlds largest Bitcoin exchange MTGox (Magic the Gathering) that declared bankruptcy a couple of days ago, though the current Bitcoin market price of $560 is still half the $1250 high of less than 3 months ago.
Tuesday, February 25, 2014
Bitcoin Ponzi Scam Crash Update - MTGox Vanishing Act, Who Will be Next ? / ConsumerWatch / Bitcoin
By: Nadeem_Walayat
Holders of the Bitcoin fictional currency remain in a state of denial as MtGox, the worlds largest Bitcoin exchange has effectively gone bust after a fortnight of statements that they would soon resume allowing clients to transfer their funds and bitcoins out of 'Magic the Gathering', instead MTGox has disappeared in a puff of smoke with some estimated 750,000 of customer bitcoins that at the current average market price of $500 (illiquid price) would be worth $375 million.
Friday, February 21, 2014
Friedman and Hanke on Bitcoin / Currencies / Bitcoin
By: Steve_H_Hanke
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
Well ahead of Satoshi Nakamoto, Nobelist Milton Friedman, champion of free market economics and noted expert on money and banking, anticipated the coming of digital currencies, and foresaw the potential impacts that they would have on finance and economics.
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Thursday, February 20, 2014
Bitcoin Craptocurrency Price Crash Accelerates to MTGox $112, Destiny with Extinction / Commodities / Bitcoin
By: Nadeem_Walayat
Magic the Gathering! The worlds largest bitcoin exchange MTGox as measured by volume remains in a state of free fall where those that followed the cue of bitcoin pumper's to buy at last weeks rock bottom prices of around $250 that followed a 2 month collapse from $1250 will now themselves be sitting on a loss of about 55% less than a week later.
Sunday, February 16, 2014
Bitcoin Craptocurrency Ponzi Crash Grinds Towards ZERO, Where's Max Keiser Hiding? / Currencies / Bitcoin
By: Nadeem_Walayat
Bitcoin Craptocurrency has plunged to USD $230, down 81.6% from its USD $1250 high - Unfortunately for bitcoin holders the ponzi scam crash continues to play out as holders of bitcoins find out that as is the case with all scams that when they want to sell their holdings they CAN'T. Instead they are locked into holdings that continue collapse in value all the way towards a pittance of the price that hooked them into buying of just a few months ago.
Saturday, February 15, 2014
Bitcoin Panic - Bloodbath on Mt. Gox / Currencies / Bitcoin
By: Mike_McAra
Very briefly: it is our opinion than not having any short-term positions is the way to go.
Panic. This one word sticks in the back of everybody’s mind when assessing what’s been going on in the Bitcoin market for the past couple of days. It might be hard to get one’s head around the fact that the currency was at $900 on Feb. 5, only to almost reach $300 today. The sell-off continues, today coinciding with news of another hacker attack.
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Wednesday, February 12, 2014
Bitcoin Trading Alert: Bitcoin Exchanges Under Attack / Currencies / Bitcoin
By: Mike_McAra
If you don’t have time: we still don’t support having any short-term positions.
The news of the day is probably the denial of service attack carried out on major Bitcoin exchanges. Bitstamp, a Slovenian exchange, and BTC-e, a Bulgarian one, have both announced they would experience the same kind of problems that earlier hit Mt. Gox.
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Tuesday, February 11, 2014
Bitcoin Price Crash, Holders Shell-Shocked, Mt Gox Ban on Withdrawls / Currencies / Bitcoin
By: John_Rubino
Bitcoin and Gold: Currency versus Money - Bitcoin holders — especially those who bought in during the crypto-currency’s recent surge past $1,000 — are a bit shell-shocked this week:
Friday, February 07, 2014
Why the Winklevoss Bitcoin ETF Is a Game-Changer / Companies / Bitcoin
By: Money_Morning
David Zeiler writes: Investing in Bitcoin isn't as easy as investing in stocks - right now.
But the arrival of the Winklevoss Bitcoin ETF - an exchange-traded fund developed by twins Cameron and Tyler Winklevoss - will change that.
The Winklevoss Bitcoin ETF will make investing in Bitcoin as simple and straightforward as buying shares of any other exchange-traded fund.
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Thursday, February 06, 2014
Is Bitcoin a Revolutionary Monetary Game-Changer Or Financial Trojan Horse? / Currencies / Bitcoin
By: Washingtons_Blog
Bitcoin Is Going Mainstream
Reddit, Virgin Galactic, and Overstock.com now accept Bitcoin.
So do dating site OKCupid and travel site CheapAir.com. Game giant Zynga is now in the testing phase.
Two big Las Vegas hotels accept Bitcoin.
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Tuesday, February 04, 2014
Bitcoin Price Trading Range Narrows / Currencies / Bitcoin
By: Mike_McAra
Key take away from this alert: in our opinion, closing long positions is not the way to go.
On Jan. 30, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury released two additional guidelines on Bitcoin. The first takes a stance on whether Bitcoin miners are to be considered money transmitters:
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Monday, February 03, 2014
Bitcoin Revolution or Trap? / Currencies / Bitcoin
By: James_Turk
From Chapter 18 of The Money Bubble by James Turk and John Rubino:
In the Internet's early days there was general agreement that one of the first killer apps would be some form of cyber-currency. Since money was already largely non-corporeal, existing as entries in bank accounts and ready to spend with plastic cards, the next logical step would be to move the whole thing online and dispense with paper and coins and their costly and burdensome infrastructure of banks, regulators and printing presses. The emergence of such currencies would, in this optimistic scenario, consign relics like the dollar and the Fed to history's circular file and usher in an era of trust, stability, and growth similar to what occurred under the classical gold standard.
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Monday, January 27, 2014
America's Biggest Bank Wants In on Bitcoins / Currencies / Bitcoin
By: Money_Morning
Peter Krauth writes: As we know, most fiscal history has been dominated by a web of central banks.
The central banks are in a race to debase, a trend that's rapidly accelerated over the past decade.
There's a lot of money to be made by issuing money.
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Thursday, January 16, 2014
Bitcoin Is Defeating Governments and Making Investors Rich / Currencies / Bitcoin
By: Money_Morning
Michael A. Robinson writes: The world's two fastest-growing economies came down hard on Bitcoin in recent weeks.
Dips followed, but ultimately the virtual currency began to slough off the news and continued to gravitate toward a loose, but tightening, trading range.
And as a former senior advisor to a Silicon Valley venture capital firm, I've seen a lot of opportunities to make a killing on technology over the years.
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Tuesday, January 07, 2014
Bitcoin 2014 Bubble Collapse or Dollar Alternative? / Currencies / Bitcoin
By: Clif_Droke
Is it a bubble or mania destined for collapse? Or can it beat the odds and become a viable alternative to the dollar?That’s what many are wondering about Bitcoin, the electronic currency which has captured the Internet world’s imagination. Many observers have dismissed the e-currency as a passing fad – a flash in the pan destined to suffer the same fate as break dancing and Beanie Babies. This conclusion is far too simplistic, however. Due to the complexities of the new currency the Bitcoin issue demands a deeper analysis.
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