Bitcoin Forum

 ;D Looks like the paper of record is recognizing the price increase and its possible causes.  

http://www.nytimes.com/2015/11/05/business/dealbook/value-of-bitcoin-surges-emerging-from-a-lull-in-interest.html?_r=0

Yes indeed and the article is well written although there's a down side to this article as it seems thats not the only thing they recognized. For instance they also sited the ransom cases that have been happening lately which that alone have a negative impact in people's mind

Not bad, is always a great notice to see all those news on a big newspaper like nytimes.

Sad that they dont stop to talk about the sh*t of Mt. Gox, but in general they are talking good about bitcoin and the article is well written ( like they always did ), lets hope this help bitcoin to spread the word a little bit more.

I think i will link that news on my social networks :P

This is going to be another fun day, or a lull before the exchanges warm up.
It's nice for Gemini being in New York and the article is quite positive some of the fundamental infrastructure weaknesses are getting addresses the one that may still be a shadow is 1mb but for the most part its getting there.

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Past price rallies have generally been followed quickly by collapses, usually set off by some sign of weakness in the infrastructure of the Bitcoin industry.
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Exchanges of the Third Generation and Fourth with reasonable reputations are addressing this part so I like how the article went into the next part on that.

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The companies that currently handle most Bitcoin transactions seem to be far stronger than those that did in the past.

New York’s top financial regulator has granted trust company charters to two Bitcoin exchanges over the last year and both are now in operation, along with a California exchange, Coinbase, which is the largest in the country. On Wednesday, Coinbase reported trading volume four times as high as its recent average.

So far, big banks have not traded Bitcoin on these exchanges or invested in the virtual currency directly. But financial firms of all sorts have shown significant interest in the decentralized way in which Bitcoin transactions are handled and the new type of ledger on which all Bitcoins and Bitcoin transactions are recorded, known as the blockchain.
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Thanks for sharing and I'm happy that a lot of people will be reading this tomorrow,

I didn't find the article very informative but it's good that Bitcoin gets some advertising.

I see the usual stabbing at Bitcoin :

" Mr. Lee of BTCC said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using Bitcoin to move money into an international investment scheme, MMM Global, which claims to have been created by a man who did prison time in Russia after a previous Ponzi scheme collapsed.

Bitcoin also continues to be used for illegal purposes. After the Silk Road online drug bazaar was taken down, imitators quickly popped up to take its place.

Bitcoin has also become the currency of choice for online ransom payments because Bitcoin addresses can be created without providing any personal information. The Cyber Threat Alliance released a report last week estimating that hackers had collected $325 million from CryptoWall, a virus that can freeze a computer’s files until an electronic ransom payment is made."

They have to include these highlighted words in any article to offset the good things being talked and also to hype up the article. I will not get too exited by this, they just trying to sell news papers and all the negative things are a attention grabber.  ::)

Yes but article is much more positive than it would be in the past. And I have been noticing this with majority of the other articles to be honest. Mainstream media is definitely changing its view toward the Bitcoin. Changing very slowly, but changing nevertheless.

You are right, but other also said, this article is much more positive than the usual media rants against bitcoin. Anyway we are still in the phase when any publicity is good publicity.

That is true. However the article is not 100% negative. Take this for example:

"Nonetheless, many banks and financial firms continued to study the technology behind the scenes and have recently been expressing their interest — and announcing new investments — in the technology underlying Bitcoin, which is being heralded as a new way to conduct a broad array of financial transactions."

People get used to nagative news about Bitcion, IMO they even developed some kind of tolerance to such news. But when they see something positive is written in a respected newspaper this may have a big impact on their minds.

Indeed. It seems as though every single time we have been given an amount of recognition they have a negative outlook on this currency to display.

Good to see it in the newspaper. Mt Gox is recent (2014) so it is normal to mention it to keep things balanced when you are writting to millions of readers that you article may attract to Bitcoin. It is like saying "ey, this looks big, but beware".

Hope this keep going on.

I forgot to go out and buy the paper, I live in Brooklyn so it would have been easy to do. Thought it would be a nice keepsake as it's basically the first semi-nice article that they have published about the bitcoin, oh well.  ;D

It's funny but I went to purchase the Economist because of the Bitcoin Cover only to find it sold out at all the newsstands I visited that had magazines for sale or 5 stores ... so I'll go hunt for it tomorrow.

As for the article it has it's semi positive negative tone but the article does feel like a shift to me towards a more positive view.

Great! As always there is no bitcoin related article without little drama:

"Bitcoin has also become the currency of choice for online ransom payments because Bitcoin addresses can be created without providing any personal information.
The Cyber Threat Alliance released a report last week estimating that hackers had collected $325 million from CryptoWall, a virus that can freeze a computer’s files until an electronic ransom payment is made."

Bitcoin is currency of choice of terrorist and criminals, how cute. That is the main idea normal person, non bitcoin user will remember after reading this article.

Thanks for the thread, bud. Read it, along with PR: http://ir.nasdaq.com/releasedetail.cfm?releaseid=938667

With all due respect, it'll be hard to espouse a new brand of peanut butter without mentioning the millions allergic to peanuts even if it foregoes mentioning the GMO- and gluten-laden bread it'll be spread on.

Yes, but average reader must know all the facts about the topic of article, not just the good ones, else it's not journalism but rather advertisement.
imho most of the investors don't care who uses it or on what, as long as it is a prosperous investment and their funds grow over time.

True, but at least it wasn't a total hit piece like some of their past articles. Will the average reader be able to tell? I don't know, I'm not average. 

because NATHANIEL POPPER.

I wouldn't be surprised to see some sort of cascading effect when other news sources pick up on this story.
Could be the start of another huge bubble...

Its definitely getting better at the mainstream level. I still remember the first time I heard on Bitcoin about the big price surge of the MT Gox exchange and the questions of the journalists were always about drugs and stuff.

LOL, well it was an irresistible headline for many in the news industry.

"Digital Currency more valuable than Gold, fueled by the sale of drugs, guns, and other aspects of the criminal underworld. Details at 11, tune in and learn how you can protect your children."  

Even a reputable journalist can't be blamed for wanting to jump all over that. I think the media is starting to realize that you get that with any currency, key here is they now see it as a currency and not just some evil back alley trade thing.  

Excellent article.  One can't blame them for telling the truth; in fact, it gives the article more credibility.  They wrote it as it is....Any publicity is good publicity....To the Moon, Babie!

We need dozens of articles like this to erase negative experience people might have about BTC which s been caused by crypto scammers and ponzi pumpers. So just keep spreading he good news. We need to find a way to proper BTC over $600. In my experience, this is the limit where new people start flocking in and we get all that positive buzz we ve had before.

It is nice to see that more people are getting into Bitcoin. It is also great to see that people are recognising the price rise of Bitcoin. I guess people are realising that Bitcoin is the currency of the future.

i agree with you. but as we saw in the past, OKCoin and Kraken were attacked and went offline for some time. There is still room for alot improvement.
What we saw in the past is kindergarden compared to what could happen in the future.